Fed’s Rosengren says inflation is taking a more prominent role in Fed deliberations

• There’s insufficient evidence that US inflation is rising to 2% goal
• Policy of patience on US interest rates is appropriate
• Delays in addressing too low inflation can be costly
• Oil shock accentuates pitfalls of failing to vigorously fight low inflation

Eric Rosengren is on the dovish side ohe street and is on the FOMC subs bench this year