Gradual, slow rate hikes to support growth – FOMC’s Rosengren
|At his speech today in Beijing (China), Boston Fed President Eric Rosengren (2016 voter, dovish) has advocated for slow and gradual rate hikes that can support economic growth.
He also sees risks of lower rates for an extended period of time, while he added that the timing for a rate hike should hinge in part on concerns over financial stability.
In the same line, Chicago Fed President Charles Evans (voter in 2017, dovish), said a spike in long term rates is unlikely, even in the case that the Federal Reserve hikes rates faster than expected.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.