Rosengren with a hawkish tinge in his comments

  • It's appropriate to consider how to avoid hitting zero with short-term interest rates
  • Repeats calls for inflation range target rather than specific number
  • Repeats call for counter-cyclical buffer for banks
  • Gov'ts should shore up finances now to reduce impact of next recession

Here's the problem: Low unemployment isn't exactly a guarantee of inflation, especially in a world where the Supreme Court is dealing out blows to unions.