Fed official repeats call for gradual interest-rate hikes
Policy makers may be placing too much weight on short-term fluctuations, he says
Mon, Oct 09, 2017 - 5:50 AM
"Failing to respond to very tight labour markets with rates remaining negative in real terms could potentially risk unnecessarily shortening the economic recovery." - Mr Rosengren
FEDERAL Reserve Bank of Boston President Eric Rosengren stepped up his argument to keep the US central bank on track for additional gradual interest-rate increases, warning against being too sensitive to short-term economic data.