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Boston Fed President and CEO Eric Rosengren
Published Date
May 22, 2019
Wall Street Journal:
Fed’s Rosengren Sees No Reason to Change Rate Policy Right Now
Federal Reserve Bank of Boston chief Eric Rosengren said Tuesday he sees no “clarion call” to change central bank interest rate policy right now, in comments that indicated sustained trade tariffs could accelerate a return to the Fed’s 2% inflation target. “I view current policy as slightly accommodative and likely to be consistent with inflation returning to the Fed’s 2% inflation target over time,” Mr. Rosengren said in a speech at the
Economic Club of New York.
Read the full article
Reuters:
Fed's Rosengren Sees 'No Clarion Call' to Shift U.S. Interest Rates
Cool inflation and a hot jobs market are putting the Federal Reserve’s policy goals at odds, but there is “no clarion call” to push interest rates either way as trade risks lurk, a top policymaker said on Tuesday. “Today, the two elements of the Fed’s mandate are sending opposing signals for monetary policy, with low unemployment perhaps suggesting a bit tighter policy, and low inflation the opposite,” Boston Fed President Eric Rosengren said in remarks prepared for delivery to the
Economic Club of New York.
Read the full article
MarketWatch
:
Boston Fed's Rosengren Sees ‘No Clarion Call’ for Interest-Rate Hike Soon
The head of the Boston Federal Reserve said he sees “no clarion call” to raise interest rates any time soon, suggesting the central bank’s hands-off approach could help counter the risk of dangerously low inflation. Eric Rosengren, president of the Boston Fed, said mixed economic signals and a festering trade dispute with China means “the Fed can afford to wait and see” before it takes any action. Earlier this year the Fed tabled previous plans to raise interest rates again in 2019.
Rosengren is not a voting member of the Fed board that sets a key U.S. interest rate, but his remarks in a speech on Tuesday to the
Economic Club of New York
echo recent comments by other senior Fed officials.
Read the full article
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