According to Bostic, the Fed can avoid experiencing deep pain in the inflation fight by maintaining a relatively orderly pace of growth
© Reuters. FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael Bostic, the president of the Atlanta Federal Reserve, said on Sunday that he still thinks the central bank can keep inflation under control without significant job losses. According to Bostic, if the economy does get hit by job losses, it could be less severe than in past slowdowns. He made the comments on “Face the Nation,” a CBS program. Bostic noted that the high rate of inflation is a concern and that the Fed should do all it can to bring it down. He said that the centralRead More →