He is a voting member

Boston Fed's Rosengren is speaking at the Springfield regional chamber's annual outlook luncheon in Springfield Massachusetts

He says:

  • suggests four US rate hikes like we needed this year
  • regular, gradual rate hikes appropriate
  • trade war, geopolitical surprise could derail policy tightening
  • encouraged by fiscal spending, large tax cut, overseas strength since December
  • recent economic data quite good
  • need to avoid boom and bust
  • expects firmer inflation
  • expects upward pressure on wages