Quotes from the news wire:
While I believe that gradual ... rate increases are absolutely appropriate, I do not see that the risks are so elevated, nor the outlook so pessimistic, as to justify the exceptionally shallow interest rate path currently reflected in financial futures markets.
– Boston Fed President Eric Rosengren
Found on Reuters 8 years ago
I would prefer that the Federal Reserve not risk making the mistake of significantly overshooting the full employment level, resulting in the need to rapidly raise interest rates – with potentially disruptive effects and an increased risk of a recession.
– Boston Fed President Eric Rosengren
Found on Reuters 8 years ago
While there have been significant headwinds from abroad, and market turbulence related to those headwinds, I view the U.S. economy as fundamentally sound and likely to perform better than the domestic economies of most trading partners.
– Boston Fed President Eric Rosengren
Found on Reuters 8 years ago
While monetary policy should not overreact to short-term temporary fluctuations in financial markets, policy makers should take seriously the potential downside risk to their economic forecasts and manage those risks as we think about the appropriate path, these downside risks reflect continued headwinds from weakness within countries that represent many of our major trading partners, and only limited data to support the projected path of inflation to target.
– Boston Fed president Eric Rosengren
Found on Reuters 8 years ago
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