Important to avoid an overheated economy - Fed's Rosengren
|Boston Fed President Eric Rosengren spoke to the Boston Economic Club and Boston Fed staff at the Federal Reserve Bank of Boston with top takeaways from his speech below:
- Unsure of future of US fiscal policy
- Recent economic reports have been consistent with continued steady improvement in the economy
- I believe it is likely to be appropriate for the FOMC to raise rates at a more regular – though still gradual – pace
- It is important to avoid creating an over-hot economy that could require a more rapid tightening of monetary policy
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