A Fed hawk now sees less risk of the economy overheating

March 5, 2019

During the last few years, Boston Federal Reserve President Eric Rosengren has been one the most strident hawks at the U.S. central bank, urging continued interest-rates hikes.

But on Tuesday, Rosengren changed his feathers and said he supported a “patient” policy approach that could last for “several” meetings of the Fed’s interest-rate setting committee.

The Boston Fed president, who is a voting member of the FOMC this year, was not more precise about the timing of the pause. The FOMC meets every six weeks; the next meeting in March 19-20.

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