While trade policy poses a risk to U.S. economic growth, Federal Reserve Bank of Boston President Eric Rosengren said Friday, he would support faster rate hikes if risks are avoided and the economy gets stronger.
Federal Reserve officials leaned toward a slightly faster pace of tightening at their March meeting as their growth outlook and confidence in hitting their inflation target strengthened, according to minutes released Wednesday.
Federal Reserve Bank of Minneapolis President Neel Kashkari said he’s “sympathetic” to the need to press China to engage in fair trade, yet emphasized it’s too soon to assess the full impact of the U.S.-China trade spat on the economy.
The Federal Reserve should continue gradually raising interest rates if data on consumer prices available by the central bank’s mid-June policy meeting indicate inflation will soon reach the 2% target, Chicago Fed President Charles Evans said.
Federal Reserve Bank of Atlanta President Raphael Bostic sees a buoyant U.S. economy lifting inflation to the central bank’s 2% target “sometime in the next quarter or two” but said he doesn’t think this should prompt the central bank to choke off the expansion.