Fed's Rosengren: Not Raising Rates Now Puts Economic Recovery at Risk

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23 September 2016

Fed's Rosengren: Not Raising Rates Now Puts Economic Recovery at Risk

Federal Reserve Bank of Boston President Eric Rosengren said Friday that not raising interest rates now could put the economic expansion at risk by generating "significant imbalances" that could lead to a recession.

Mr. Rosengren was one of three Fed officials who cast dissenting votes at the Fed's policy meeting Wednesday, preferring to raise rates by a quarter percentage point rather than keep them steady.

ECB leaning towards QE tweak, no radical changes - RTRS

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