Boston Federal Reserve President Eric Rosengren on Friday pushed back against ex...
File Photo: The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo
“It makes sense that if I was in Japan or if I was at the ECB that I would seriously be thinking about easing,” Rosengren said in an interview with CNBC. “The U.S. economy is not at that point, the economy is actually quite reasonable at this stage. So, if that were to change, I’d be happy to ease that point. But I don’t want to ease if the economy is doing perfectly well without that easing.”
On Thursday, comments by New York Fed President John Williams stoked expectations that the U.S. central bank would cut rates by a half-percentage-point when it meets on July 30-31. But those expectations were deflated just hours later when a New York Fed representative said the comments were not meant to signal policy actions at the upcoming meeting.
In remarks prepared for delivery at an academic conference in New York, Rosengren made the case for keeping the central bank’s actions independent from politicians.
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