Economics
Rosengren Says Fed Needs More Time to Weigh Trade War Impact
- If new tariffs persist they could have lasting price impacts
- Says he’s keeping open mind over Fed policy framework review
Eric Rosengren
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Federal Reserve Bank of Boston President Eric Rosengren said it’s too early to tell whether the escalating trade war and the resulting financial market reaction will last long enough to hurt the U.S. economy and alter monetary policy.
“It’s a little premature to think about the outlook” for the economy, Rosengren said in an interview Monday in Boston. “This is a temporary tax increase on imported goods, the full impact of which occurs on June 1. We don’t even know if there’ll be an agreement between now and the end of this month.”