Rosengren on tv via Bloomers
- Supports Sep FOMC decision to wait
- Raising rates in 2015 is still a reasonable forecast
- There's not much data since Aug that shows any problems
- If the data stays steady it would be appropriate to start hiking this year
- Commodity and oil prices are having a temporary effect on inflation
- Inflation data is unlikely to show strong gains
- Labour markets are a key component of hitting inflation target
- Many of the US's trading partners are weak right now
- Domestically the data and consumption has been strong
- Manufacturing is consistent with trade data
Rosengren was right at the top of the dovish scale but has turned more hawkish over the last few years. He's not a voter until next year
