Comments from Boston Federal Reserve President Eric Rosengren:
- Says Federal Reserve should wage vigorous fight against low inflation, or its credibility will be at risk
- Fed should leave accommodation in place until it is certain two percent inflation target will be met
- Says low inflation costly for debtors, risks prolonged period of slow growth as in Europe, Japan
- Says low global bond yields means investors have little expectation central banks will succeed in increasing inflation
- Says lack of wage growth, falling commodity prices will continue to hold down prices
Headlines via Reuters
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Rosengren in a speech - the full text is available from here
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Rosengren is not currently an FOMC voter … he will next have a vote on the committee in 2016.
