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

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President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019.

Clodagh Kilcoyne | Reuters

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, appeared on CBS’ “Face The Nation” Sunday morning with a continued commitment to the 2% inflation target and a cautiously optimistic outlook on the path to get there.

The nation’s central bank hiked the targeted federal funds rate by 75 basis points to between 3 and 3 1/4 Wednesday. Bostic believes that the Federal Reserve can achieve its goal of 2% inflation without severely damaging the economy.

“I do think that we’re…



Source cnbc.com

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