Published 2 years ago

Atlanta Fed president: Soft landing from high inflation is not going to be easy

Summary by Ground News

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, said on Sunday it;s not going to be easy to achieve a slowdown in demand without causing a recession. The Federal Reserve last week announced it would increase its baseline interest rate by 0.75 percentage points, the fifth rate hike this year and third consecutive 75-basis-point hike. The hikes are aimed at slowing the economy to reduce inflation, which recently hit 40-year highs.

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Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economy

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, signaled optimism for the Fed's policies to temper inflation.

2 years ago·United States

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The Hill

Atlanta Fed president: Soft landing from high inflation is not going to be easy

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, said on Sunday it’s “not going to be easy” to achieve a slowdown in demand without causing a recession, a feat known as a soft landing. Speaking with Margaret Brennan on CBS’s “Face the Nation,” Bostic declined to provide specific odds of achieving a…

2 years ago·Washington, United States

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Financial Post

Fed can avoid 'deep pain' in inflation fight, Bostic says

WASHINGTON -- Atlanta Federal Reserve President Raphael Bostic said on Sunday he still believes the U.S. central bank can tame inflation without substantial job losses given the economy's continued momentum. Read More

2 years ago·Canada

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The Epoch Times

Fed Can Avoid 'Deep Pain' in Inflation Fight, Atlanta Fed President Says

WASHINGTON—Atlanta Federal Reserve President Raphael Bostic said on Sunday he still believes the U.S. central bank can tame inflation without substantial job losses given the economy’s continued momentum. “If you look over history … there is a really good chance that if we have job losses it will be smaller” than in past slowdowns, Bostic said on CBS’s “Face the Nation” program. “Inflation is high. It is too high. And we need to do all we can to…

2 years ago·New York, United States

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OAN

Fed can avoid ‘deep pain’ in inflation fight, Bostic says – One America News Network

WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said Sunday he still believes the central bank can tame inflation without substantial job losses given the economy’s continued momentum.“If you look over history…there is a really good chance that if we have job losses it will be smaller” than in past slowdowns, Bostic said on CBS’ “Face the Nation”. “We are going to do everything we can to avoid deep, deep pain.” (Repor…

2 years ago·San Diego, United States

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The Daily Wire

Atlanta Fed Chief: U.S. Economy Needs To Feel Pain Of Recession Now To ‘Avoid Deep, Deep Pain’ Later

Atlanta Federal Reserve Bank President and CEO Raphael Bostic said Sunday that the country needs economic pain now to avoid even more pain later.Appearing on CBS’s “Face The Nation,” Bostic said that in order to rein in sky-high inflation, the Federal Reserve needs to rein in economic demand. To do that, it needs to tighten monetary policy, which he acknowledged would inevitably slow the economy down further. But he said dragging the economy dow…

2 years ago·Nashville, United States

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Atlanta Fed president: Soft landing from high inflation is not going to be easy

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Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economy

Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economy

Atlanta Fed president: Soft landing from high inflation is not going to be easy

Atlanta Fed president: Soft landing from high inflation is not going to be easy

Fed can avoid 'deep pain' in inflation fight, Bostic says

Fed can avoid 'deep pain' in inflation fight, Bostic says

Fed Can Avoid 'Deep Pain' in Inflation Fight, Atlanta Fed President Says

Fed Can Avoid 'Deep Pain' in Inflation Fight, Atlanta Fed President Says

Fed can avoid ‘deep pain’ in inflation fight, Bostic says – One America News Network

Fed can avoid ‘deep pain’ in inflation fight, Bostic says – One America News Network

Atlanta Fed Chief: U.S. Economy Needs To Feel Pain Of Recession Now To ‘Avoid Deep, Deep Pain’ Later

Atlanta Fed Chief: U.S. Economy Needs To Feel Pain Of Recession Now To ‘Avoid Deep, Deep Pain’ Later

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