Boston Fed's Minehan: Inflation pressures low

Cathy Minehan, president of the Boston Fed, said on Tuesday 16 December that the economic recovery seems to be "picking up steam" and she suggested the Federal Reserve is content to watch the firming economy, without acting on interest rates.

Source: Reuters

Boston Federal Reserve President Cathy Minehan said Tuesday the economic expansion seems to be picking up steam, and suggested the central bank has time to digest the good news before raising rates.

"As the expansion seems to be broadening,

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