The Fed: Fed’s Rosengren says interest-rate cut not needed

Bloomberg News/Landov
Boston Fed President Eric Rosengren is a voting member of the Fed’s interest-rate committee this year.

Boston Fed President Eric Rosengren on Friday said he doesn’t think an interest-rate cut is needed at the moment.

“Most of the news that we’ve been getting has been pretty good,” Rosengren said, in an interview on CNBC.

Rosengren said if he were on the Bank of Japan or the European Central Bank, he would seriously be thinking about taking additional easing steps.

“The U.S. economy is not at that point. The economy is actually quite reasonable at this stage,” he said.

“I don’t want to ease if the economy is doing perfectly well without that easing,” he added

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