There should be an increase at 'every other' FOMC meeting - Fed's Rosengren
|Boston Federal Reserve President Eric Rosengren is crossing the wires, via Reuters, saying that he thinks the U.S. central bank should raise interest rates three more times this year due to the strength of the economy.
Key quotes
- I see a further three interest rate increases this year
- There should be an increase at 'every other' FOMC meeting
- It's likely that full employment and 2 pct inflation will be reached by end of the year
- I see that as consistent with Fed's 'gradual' path
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