Wall Street Journal report on an interview with Eric Rosengren, Boston Fed President
- Sees "some reasonable risk" that the unemployment rate drops below 4% in the next two years
- "In my own view, that would not be sustainable"
- "I do think the market has appropriately started to say, 'Gee, this seems to be about the right time'" to announce the wind-down of the balance sheet, said Mr. Rosengren ... With the Fed's benchmark short-term interest rate well away from near zero, "there's no reason to have that extraordinary accommodation coming from the balance sheet any longer"
Rosengren is a non-voter on the Federal Open Market Committee in 2017