Gradual but somewhat more regular hikes are warranted says Fed's Rosengren

A tad earlier than expected

  • Fed is expected to continue to gradually normalise policy

  • 3 hikes in 2017 is reasonable if economic growth continues to outpace potential

  • If Fed doesn't raise, it risks excessive inflation

  • Unemployment is at a long-run sustainable level

  • Sees Fed reaching 2% inflation goal by end or 2017

Not a voter this year but another who's saying the US is pretty much at full employment.

There's a Q&A at some point too.

Best in 2026

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