We might be two weeks away from seeing the Fed hike too rapidly
Rosengren was fairly mum in the Q&A but he certainly didn't back off the hawkish talk but it's more theoretical than a strong signal.
- "As long as the economy is moving in the direction that it's been recently I think the probability of a recession is actually quite low"
- "The biggest policy mistake that causes recession is when we have to raise interest rates very rapidly": Rosengren
- "We raise it too much and it actually causes a recession. Right now it's pretty hard to see us actually raising it really rapidly to cause that recession"
Kaplan is up in a few minutes at the bottom of the hour. There probably won't be headlines, he's appearing in a moderated Q&A.
