Fed’s Rosengren: low jobless & inflation outlook warrants tightening - BBGTV

Haresh Menghani FXStreet

Boston Fed President Eric Rosengren stepped up his argument for additional gradual Fed rate hike moves and told Bloomberg TV on Friday that low jobless & inflation outlook warrants tightening.

Key quotes:

• Does see 2% inflation next year
• Wages and salaries are going up
• Labour market is tight
• US jobless rate could fall below 4%
• Expects US GDP growth in second half of 2017 to be roughly 2.5%

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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