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Fed’s Rosengren Wants Evidence of Slowdown to Justify Rate Cut

  • Boston Fed chief sees U.S. consumer driving 2% growth in 2H
  • Says central bank’s goal is ‘not to get the yield curve right’
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Rosengren Says He Doesn't See a Need for Fed to Take Policy Action

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Federal Reserve Bank of Boston President Eric Rosengren continued to push back against further interest-rate cuts by the central bank, arguing he’s not convinced that slowing trade and global growth will significantly dent the U.S. economy.