Fed's Rosengren: Policymakers can be patient before deciding whether to take more action
|In his prepared remarks delivered at the University of Wisconsin-Madison on Friday, Boston Federal Reserve Bank President Eric Rosengren argued that policymakers could be patient before deciding whether to take more action, per Reuters.
"While US consumers have been resilient to date, continued resilience is not guaranteed. My view is that policymakers can be patient and continue to evaluate incoming data before taking additional action," Rosengren explained. "My forecast for the economy does not envision additional easing being necessary. However, should risks materialize and economic growth slow materially, to below the potential rate, I would be prepared to support aggressive easing."
The US Dollar Index largely ignored these comments and was last down 0.42% on the day at 98.28.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.