Rosengren on Bloomberg TV
Patience means being consistent with dual mandate
We're basically consistent with our 2% inflation target
Markets may not have much impact on the real economy
Wages going up is a very positive sign
He's not seeing banks talk about liquidity issues
Decline in Treasury yields seems inconsistent with the idea there is a liquidity problem
It's possible Fed would need to cut rates but that is not his view
Some firms are worried about supply disruptions during trade disputes
That's rich given that the Fed has failed to meet the 2% inflation target for 7 years straight.
