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

The full text is here

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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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