Economics
Fed’s Rosengren Suggests Rate Pause May Last ‘Several Meetings’
- Economy still strong in his forecast but risks are heightened
- Threat of overheating has diminished with inflation quiet
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Federal Reserve Bank of Boston President Eric Rosengren said it may take policy makers “several meetings” to determine whether risks to the U.S. economy will clear up or more seriously hamper growth in 2019.
“There is some risk that more pronounced slowdowns in the rest of the world could dampen U.S. growth more than I am forecasting,” Rosengren said in the text of a speech he’s scheduled to deliver Tuesday in Boston. He said he continues to expect the economy will expand by slightly more than 2 percent this year.