President of the Federal Reserve branch in Boston, Eric Rosengren
- Sees more rate hikes than predicted by 'pessimisitc' investors
- Market prediction of 1/4-pct rate hike per year unjustified
- Preferred inflation measure now 'much closer' to target than last year
- Downplays weak Q1 GDP, cites 'more optimistic' reading
- Says US economy fundamentally sound
- Appropriate to probe how low unemployment can go
- Fed should not pause policy so long as to raise risk of recession
- Market-implied rate path would risk overheating economy
Headlines via Reuters
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Speaking at Central Connecticut University.
Audience Q&A to follow, Media Q&A following that is unconfirmed.
Rosey is a voter on the FOMC this year (here's the list of who else is)
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