June 27, 2018 / 5:34 PM / 9 months ago

Fed's Rosengren: Gradual rate rises reduces risk of major error

WASHINGTON (Reuters) - The Federal Reserve should continue to gradually raise interest rates to lower the risk of a major policy error, Boston Federal Reserve President Eric Rosengren said on Wednesday.

“We haven’t seen much of a trade-off between inflation and unemployment,” Rosengren said following a speech at the Peterson Institute for International Economics in Washington. “That gives us the luxury to be more gradual, and I think there’s some real benefits to being gradual. I think if we’re gradual, we’re less likely to make serious mistakes.”

Reporting by Lindsay Dunsmuir; Editing by Cynthia Osterman

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below