Fed's Rosengren: Job target for hike 'largely' met

The U.S. employment target needed to justify raising short-term interest rates has "largely been met," but other key metrics remain unclear, a top Federal Reserve official said Tuesday. Whether inflation has reached a point necessary to justify a rate hike is not "as clear-cut," said Eric Rosengren, president of the Federal Reserve Bank of Boston. In prepared remarks, he noted that global ......(read more)

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