Name: Eric S. Rosengren
Summary: Prospects for Returning to More Conventional Monetary Policy: "In my own view, if inflation is slower to return to target, monetary policy normalization should be unhurried. A more gradual approach is an appropriate response to headwinds from abroad that slow exports, and financial volatility that raises the cost of funds to many firms. Of course, my view could change if we were to experience a more rapid abatement of headwinds, or much stronger domestic economic growth than I am currently anticipating."
Substantially Similar to Prior Statements: No
Statement Date: February 16, 2016
Publication Date: February 16, 2016All Members All Statements