Fed's Rosengren: Conditions for tightening have not been met

WASHINGTON (MarketWatch) - A disappointing rate of growth since last winter means that the preconditions for a rate hike have not been met, said Eric Rosengren, the Boston Fed President, on Monday. In a speech to a business group in Hartford, Rosengren expressed some skepticism that the weak first-quarter growth was largely due to temporary factors, as many Fed officials, including Chairwoman Janet Yellen, have suggested. "The data were not just weak during the worst of winter; they were also weak before the storms and have been weaker than expected ever since," Rosengren said. The Fed cannot ......(read more)

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