QE4 Should Be Considered If Economy Weakens: Fed’s Rosengren
2014-10-17 12:12:53.606 GMT
By Joanna Ossinger
Oct. 17 (Bloomberg) -- U.S. economic data hasn’t shifted
enough so far to make overall forecast much different, Boston
Fed’s Eric Rosengren said on CNBC; still expects 2015 rate rise.
* If inflation hits 2% target, expects to see wage growth
* Sees “fairly low PCE” for next several quarters if oil
stays ~$80/barrel
* Sees several years to get back to 2% inflation
* “Fairly weak” data coming out of Europe; financial markets
have moved more than eocnomic data coming from Europe
* NOTE: Yday, Bullard Says Fed Should Consider Delay in Ending
QE
* NOTE: Fed may see silver lining in credit, equity, currency
volatility, Bloomberg Intelligence says
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To contact the reporter on this story:
Joanna Ossinger in New York at +1-212-617-7789 or
jossinger@bloomberg.net
To contact the editor responsible for this story:
Joanna Ossinger at +1-212-617-7789 or
jossinger@bloomberg.net
2014-10-17 12:12:53.606 GMT
By Joanna Ossinger
Oct. 17 (Bloomberg) -- U.S. economic data hasn’t shifted
enough so far to make overall forecast much different, Boston
Fed’s Eric Rosengren said on CNBC; still expects 2015 rate rise.
* If inflation hits 2% target, expects to see wage growth
* Sees “fairly low PCE” for next several quarters if oil
stays ~$80/barrel
* Sees several years to get back to 2% inflation
* “Fairly weak” data coming out of Europe; financial markets
have moved more than eocnomic data coming from Europe
* NOTE: Yday, Bullard Says Fed Should Consider Delay in Ending
QE
* NOTE: Fed may see silver lining in credit, equity, currency
volatility, Bloomberg Intelligence says
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Joanna Ossinger in New York at +1-212-617-7789 or
jossinger@bloomberg.net
To contact the editor responsible for this story:
Joanna Ossinger at +1-212-617-7789 or
jossinger@bloomberg.net