Fed’s Rosengren: There is high probability of December rate hike- CNBC
Speaking on CNBC, Boston Fed President Eric Rosengren said that gradual rate increases would be appropriate.
Key quotes (via LiveSquawk):
- There is high probability of December rate hike
- Policy rules over time have proven to be ‘not so successful’
- 3- rate hikes next year seem approx. correct
- Doesn’t want to push too far below full employment