The Fed: Fed’s Bostic thinks recession can be avoided even with further interest-rate hikes

The Federal Reserve can keep raising its benchmark rate this year at the fastest pace in nearly 30 years without causing a recession, Atlanta Fed President Raphael Bostic said Monday.

In a roundtable with reporters, Bostic noted the labor market added 372,000 jobs in June.

“What that tells me is there is enough momentum in the economy and…