When I say DJ ... I am referring to Dow Jones.
Not to DJs like Calvin Harris et all - though I would like to hear a remix of the speech. Circa 128bpm is good for me.
Oh, an it could be DJT I suppose - but no, not him this time.
So, via Market Watch on Boston Fed President Eric Rosengren :
- The Federal Reserve needs to continue to gradually raise interest rates, a view "which is quite consistent with market expectations of another increase in December,"
- said he believes rates should rise because the unemployment rate is likely to drop below 4%
- The Boston Fed president has become one of the more vocal hawks on the central bank. He will not be a voter until 2019.
- The Fed is facing a dilemma, Rosengren said. On the one hand, current low levels of consumer inflation would most often justify more stimulative monetary policy. At the same time, the current unemployment rate of 4.1% might suggest the need for tighter policy.
The link is here for more, its an ungated area of Dow Jones: Fed's Rosengren sees need to continue raising interest rates
Boston Fed president says his view is 'quite consistent with market expectations of another increase in December'
