(Reuters) – Atlanta Federal Reserve Bank President Rafael Bostic said on Friday Chairman Jerome Powell was trying to reassure Americans about the possibility of a weaker job market as the central bank raises interest rates to rein in inflation be ready.
“I think the chairman is trying to get people ready because as the economy slows we may lose some jobs and our business may slow ,” Bostic said in an interview with Fox Business in Jackson, Wyoming, where Powell spoke earlier in the day.
“I hope if this happens, the impact will be relatively mild.”
