Fed's Rosengren: Low inflation and wage growth urges patience

FXStreet (Bali) - Boston Fed President Eric Rosengren (dovish non-voter), in a speech at the American Economic Association in Boston over the weekend, said that low inflation and wage growth urges patience to tighten monetary policies.

“I believe the continued very low core inflation and wage growth numbers provide ample justification for patience,” Rosengren said. “A patient approach to policy is prudent until we can more confidently expect that inflation will return to the Fed’s 2 percent target over the next several years.”