The next Fed speaker is speaking.

  • There is no need for the Fed to hike if the economy weaken
  • Monetary policy remains accommodative
  • Consumers still spending
  • The more optimistic view will prevail
  • Fed can wait for greater clarity
  • stock-price decline could portend decline in growth
  • he is sensitive to heighten risks that counsel for flexible and patient policy
  • he does not expect economic slowdown, market sentiment may have become unduly pessimistic
  • expects solid 2019 economic growth to tighten US labor market somewhat
  • trade tensions, geopolitical upheaval could change economic forecasts and rate policy
  • Fed should be data dependent
  • appropriate for now to have no bias toward higher or lower rates

Feds Rosengren is the president of the Boston Fed and is a voting member in 2019.