Statement

Name: Eric S. Rosengren

Summary: Early Observations on Gradual Monetary Policy Normalization: "The future path of the federal funds rate will be highly dependent on our evolving outlook, which will, of course, respond to the incoming economic data. My hope is that the economy continues to improve, so that further normalization is appropriate. Further increases in rates are in my view likely to be gradual. Importantly, I will remain highly attentive to foreign economic conditions, any weakening of the domestic economic situation, and the path of U.S. inflation."

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: January 13, 2016

Publication Date: January 13, 2016

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