- Analytics
- News and Tools
- Market News
- Federal Reserve Bank of Boston President Eric Rosengren: it does not matter when to hike the interest rate
Federal Reserve Bank of Boston President Eric Rosengren: it does not matter when to hike the interest rate
The Federal Reserve Bank of Boston President Eric Rosengren said on Tuesday that it does not matter when to hike the interest rate. He added that the interest rate hike will be gradual.
"While market attention has focused on the exact timing of potential rate rises, macroeconomic models of the economy overwhelmingly suggest little impact on the broader economic landscape from moving the timing of initial interest rate hikes forward or backward by a couple of months," he said.
The Federal Reserve Bank of Boston president noted that the employment target has been reached to start raising interest rates, but other targets such as inflation remain unclear.
Rosengren also said that the Fed should be cautious to start raising its interest rates due to the recent turbulences on the global markets.
Rosengren is not a voting member of the Federal Open Market Committee (FOMC) this year.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
