Rosengren warns Fed may have to increase pace of tightening

Eric Rosengren

The US Federal Reserve may have to tighten monetary policy more quickly than its own forecasts currently anticipate, the Boston Fed's president said on February 15.

The US economy was at or approaching both elements of the Fed's dual mandate for price stability and maximum sustainable employment, Eric Rosengren told an audience in New York. The most recent figures for headline and core inflation, using the personal consumption expenditure price index, were at 1.6% and 1.7% respectively, he noted