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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)

  • Independence of the central bank is critically important.
  • We have an appropriate interest rate for where the economy is now.
  • We are doing quite well on Fed’s dual mandate.
  • Fed is being patient right now because of inflation mute.