The Fed: A Fed hawk now sees less risk of the economy overheating

Boston Fed President Eric Rosengren said he expects inflation to end 2019 close to the Fed’s 2% target.

During the last few years, Boston Federal Reserve President Eric Rosengren has been one the most strident hawks at the U.S. central bank, urging continued interest-rates hikes.

But on Tuesday, Rosengren changed his feathers and said he supported a “patient” policy approach that could last for “several” meetings of the Fed’s interest-rate setting committee.

The Boston Fed president, who is a voting member of the FOMC this year, was not more precise about the timing of the pause. The FOMC meets every six weeks; the next meeting in March 19-20.

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