Fed's Rosengren Says There Should Be Four Rate Hikes in 2017
- Boston Fed chief warns against pushing unemployment too low
- Letting economy overheat would force Fed to raise more quickly
Fed's Rosengren Says Four Hikes May Be Needed in 2017
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Federal Reserve Bank of Boston President Eric Rosengren said the central bank should be prepared to raise interest rates a total of four times in 2017 to guard against overheating the U.S. economy.
The policy-making Federal Open Market Committee should be ready to move again in June, September and December, unless incoming data push them off course, he said.