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

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, on Feb. 13, 2019. Clodagh Kilcoyne/Reuters

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.