Rosengren sees rates becoming mildly restrictive

Published October 26, 2018, 1:11 p.m. EDT

Updated June 01, 2021, 2:00 p.m. EDT

1 Min Read

Unless risks materialize, Federal Reserve Bank of Boston President Eric Rosengren see rates being raised gradually until they are "mildly restrictive."

Processing Content

By raising rates slowly, it averts "a more forceful response" when risks arise, he told a gather in Dalton, Mass., Friday, according to text released by the Fed.

Rosengren said his views are consistent with those in the Summary of Economic Projections, which expects the federal funds rate target to rise to 3.4% in 2021. "Of course, if risks become more germane, a different path may be warranted," he noted.

rosengren-eric-bl — Eric Rosengren, president of the Federal Reserve Bank of Boston, looks on as mortgagees arrive at a foreclosure prevention workshop sponsored by the Federal Reserve Bank of Boston and the New England Ptriots Charitable Foundation at Gillette Stadium in Foxboro, Massachusetts, U.S., on Tuesday, Aug. 12, 2008. The number of foreclosures in the U.S. are "growing," Rosengren said in an interview with Fox Business News. Rosengren speaks as some investors are hoping the worst of home-price declines and defaults on home-loans are in the past. Photographer: Neal Hamberg/Bloomberg News

Gary Siegel

Managing Editor

Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in... Read full bio

MORE FROM BOND BUYER

Primary bond market

Munis mostly quiet to close out a stronger week

Munis saw small gains Thursday, continuing the slight turnaround in sentiment the market has seen this week, with muni yields seeing modest bumps each day, said Jeremy Holtz, a portfolio manager at Income Research + Management.

By Jessica Lerner and Christina Baker

April 2
North Carolina

Rocky Mount, North Carolina, threatened with state takeover

The city is in danger of defaulting on bonds in the next fiscal year, according to Local Government Commission officials who say they will intervene if needed.

By Robert Slavin
Southeast Reporter

April 2
Oklahoma

Oklahoma budget deal struck as Medicaid changes sought

The $12.78 billion fiscal 2027 budget agreement unveiled by Republican officials comes as lawmakers prepare for looming federal Medicaid funding cuts.

By Karen Pierog
Senior Reporter

April 2
Trump administration

Gas prices boosting and biting state budgets

A presidential address does nothing to quell the price of crude oil as states are now calculating the effects of rising fuel prices on their tax revenues.

By Scott Sowers

April 2
Missouri

Missouri lawmakers divided over House budget

Divisions are emerging among Missouri lawmakers over the $50.3 billion fiscal 2027 budget the House passed last Tuesday.

By Jennifer Shea
Midwest reporter

April 2
Trends in the Regions

Underwriters challenged on $13.5 billion in Puerto Rico bonds

Judge Laura Taylor Swain is allowing the continued examination of a count in which a trustee is challenging fees, and some proceeds, of pre-bankruptcy bonds.

By Robert Slavin
Southeast Reporter

April 2

	About Gary
twitter	GarySiegel_BB
linkedin	gary-siegel-a105084