Economics
Fed’s Rosengren Says Important to See If Weak Jobs Were Anomaly
- Boston Fed head says May payrolls contrast with other data
- FOMC voter still expects sufficient growth for gradual hikes
What's Next For the Fed Following Dismal Jobs Data?
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Federal Reserve Bank of Boston President Eric Rosengren said he expects U.S. economic conditions to continue improving, making further rate increases appropriate, although it will be important to see whether a weak employment report for May proves to be an anomaly.