Boston Federal Reserve President Rosengren speaking in NY (to the
Money Marketeers bond traders group)
- Backs 'regular and gradual' US rate hikes
- Economy risks overheating with rising inflation, asset prices
- Fed should not overreact to temporarily weak inflation
- Expects inflation to rise through end-2018, unemployment to fall below 'full employment' level
- Low wireless phone, prescription drug prices dragging on overall inflation
- Hurricane effects to 'significantly cloud' US economic data in coming months
(Headlines via Reuters)
There will be more from Rosengren in the Q&A to follow. He is not being a dove, but supports measured rate hikes .... 'regular and gradual'
more to come
