Statement

Name: Eric S. Rosengren

Summary: FT interview with Eric Rosengren: "My own personal view is we should have a flexible approach to thinking about the path with gradual being the important consideration, but we are still not near 2 per cent inflation. By the core PCE at 1.3 per cent we are still pretty far away. What gives me reasonable confidence about the path of inflation is the fact that the labour market slack seems to be diminishing relatively quickly. But I would want to continue to see progress on wages and prices moving up. If we weren’t seeing wages and prices moving up over time our willingness to keep raising rates would go down."

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: November 12, 2015

Publication Date: November 15, 2015

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