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.
REUTERS/Clodagh KilcoyneWASHINGTON, Sept 25 (Reuters) - 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.
... We are going to do all that we can at the Federal Reserve to avoid deep, deep pain."
The Fed on Wednesday approved its third consecutive three-quarter point interest rate increase and issued projections that showed rates rising higher, and staying there longer, than investors had anticipated.
The United Kingdom proposed tax cuts seemed to put fiscal policy at odds with efforts by the Bank of England to tame inflation with interest rate increases.