Rosengren Flags Jobs Report, yet Says Fed Rate Hikes Coming

The U.S. economy’s rebound from a weak winter has moved the Federal Reserve closer to raising rates, though last month’s poor employment report might give it pause, a top Fed official said on Monday.

Boston Fed President Eric Rosengren, speaking in Finland, gave the latest hint that while the U.S. central bank remains on track to continue tightening policy it likely will not do so at a June 14-15 meeting.

“Lately the economic data have been choppy” with the May employment report “disappointing,” Rosengren, a dovish voter on Fed policy this year, said at the Global Interdependence Center conference in Helsinki.

Reuters

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