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Additional comments from Boston  Fed  President Rosengren is crossing the wires as he responds to questions following his speech on the economy and monetary policy at Boston Harbor Hotel.

Key quotes (via Reuters)

  • Not expecting a recession any time soon, but the world might be less able to respond if a recession does happen.
  • Patience means Fed is not giving a lot of guidance as to what we’re expecting down the road.
  • Tightening should definitely be on the table if the economy develops positively.
  • Outlook on need for another hike depends on economy.