Boston Fed's Rosengren maps case for a dove's rate hike

Boston Fed's Rosengren maps case for a dove's rate hike
 

By the middle of next year, Federal Reserve Bank of Boston President Eric Rosengren says he expects unemployment to fall to 4.7 percent and inflation to beat the Fed's 2 percent target, leaving policymakers at risk of having to squelch the recovery with faster-than-expected rate increases.
When Rosengren surprised markets with his dissent at September's Fed meeting and argued for an immediate rate rise, it was with that forecast in mind, and a concern that the best way to protect future job growth is to slow things a bit now even if it is a risk, he said.
"We have the luxury right now... read more

 
17 October 2016 in Business, Views: 41
Source: Reuters
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