Fed's Rosengren: (moderate, FOMC alternate): Only limited data support Fed's projected inflation path, FOMC's forecasted rate path has downside risks
- Data raise the real possibility that US growth may be slowing. December US jobs report was pretty strong, but economy could still be slowing.
- A big dip in unemployment might call for quicker rate hikes, however inflation remains low.
- Would like to see more economic improvement so the Fed can keep raising rates- Growth needs to be at or above potential for the Fed to raise rates
- To remain highly attentive to developments in the global economy