>>> Fed's Rosengren (dovish dissenter; FOMC non-voter in 201

Fed's Rosengren (dovish dissenter; FOMC non-voter in 2014): Fed can be patient about removing monetary policy support - Reiterates Fed should be equally concerned about inflation being too low as it would be about it being too high. - Fed should have a balanced approach to the dual mandate of inflation control and maximum employment. Low inflation and high unemployment are not good for the economy. Fed is currently undershooting its 2% inflation target, and needs to work on lowering persistently high unemployment which is damaging to the economy. - Fed benefits from the diverse viewpoints of the regional Fed boards.