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Fed’s Rosengren Highlights Growing Tensions Inside FOMC

  • Boston Fed chief among three dissenters at this week’s meeting
  • Dove-turned-hawk says failing to hike could stoke imbalances
Bloomberg business news

Eisenbeis: Evidence of Divergent Views in FOMC

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The president of the Federal Reserve Bank of Boston took direct aim at Janet Yellen’s argument for keeping interest rates unchanged this week, shedding more light on pressures confronting the Fed chair as she tries to coax the U.S. economy through a period of slow growth and deep uncertainty.

Eric Rosengren, who dissented from the decision by the Federal Open Market Committee on Wednesday, said in a statement Friday the Fed’s failure to get back to a strategy of gradual rate increases may threaten the economic recovery.