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