Boston Fed’s Rosengren highlights risk of overheating
Full employment could be reached as early as 2017, president says
The US economy's resilience implies gradual rate hikes will be necessary to prevent the economy overheating, Federal Reserve Bank of Boston president Eric Rosengren told a local chamber of commerce on September 9.
"As usual, there are some conflicting signals in the economic data that came out this summer," Rosengren said, pointing to "quite strong" payroll employment data on the one hand, balanced against "disappointing" real GDP growth on the other. Nevertheless, he saw signs growth could soon
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