Inflation fight can avoid deep pain, Atlanta Fed president says

Federal reserve president said he still believes the central bank can tame inflation without substantial job losses given the economy's continued momentum. If we have job losses it will be smaller than in past slowdowns, he said on CBS's Face the Nation program. Bostic also said, we need to have a slowdown.
#Bostic #AtlantaFed #FacetheNation #News #Business #Economy

2 months ago

Wall Street slides as strong jobs data fuels interest rate hike worries

Wall Street's main indexes slipped on Friday after stronger-than-expected jobs data fueled expectations of another big interest rate hike by the U.S. Federal Reserve later this month. Atlanta Fed President Raphael Bostic, until recently among the central bank's most dovish policymakers, said on Friday he fully supports another 75 basis point rate rise.
#RaphaelBostic #S.FederalReserve #WallStreet #BusinessIndustrial #News #BusinessNews

4 months ago

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