Fed's Rosengren Favors Hiking Until Rates ‘Mildly Restrictive’
- Boston Fed president says labor market to keep tightening
- Companies reporting greater ease in passing on higher costs
Eric Rosengren
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Federal Reserve Bank of Boston President Eric Rosengren said the U.S. central bank should keep raising its benchmark interest rate until it’s reached “mildly restrictive” territory.
With a strong labor market expected to become tighter, he said, economic imbalances, including inflationary pressures, will continue to mount.