Search ForexCrunch

Eric Rosengren is making comments on Bloomberg TV. He  dissented in July because  he feels that the economy was still pretty good.

Key comments:

  • We are in a pretty good spot right now…
  • There are costs to easing policy too much, including too much leverage.
  • Economic  conditions in US  are still ‘pretty good’.
  • Dissented in July because US  economy was pretty good.
  • US in a pretty good spot right now.
  • View at last FOMC meeting was to focus on unemployment, inflation.
  • Consumption is strong and spending can support growth.  
  • This is a good time to sit back and look at the data.

More to come…