Fed’s Rosengren favors three more 2017 hikes to foil overheating

ERIC ROSENGREN, president of the Federal Reserve Bank of Boston, listens as an attendee speaks during the New York Association for Business Economics at the Harvard Club in New York,. Rosengren said that there is a great deal of uncertainty about fiscal policy, and that we are still in a risky time internationally. /BLOOMBERG ? MISHA FRIEDMAN
ERIC ROSENGREN, president of the Federal Reserve Bank of Boston, listens as an attendee speaks during the New York Association for Business Economics at the Harvard Club in New York,. Rosengren said that there is a great deal of uncertainty about fiscal policy, and that we are still in a risky time internationally. /BLOOMBERG ? MISHA FRIEDMAN
NEW YORK - Federal Reserve Bank of Boston President Eric Rosengren urged his policy-making colleagues to raise interest rates three more times this year and consider starting to shrink the central bank’s balance sheet after their next hike to avoid creating an “over-hot economy.” Rosengren said he - along with most economists in the Blue Chip…

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