Fed’s Rosengren sees no case for rate cut

Japan News | Jul 21, 2019 at 2:53 PM
  • Boston Federal Reserve President Eric Rosengren has pushed back against expectations for an interest-rate cut when Fed policymakers meet later this month, saying the U.S. economy does not need a boost the way some other countries might.
  • The Fed is widely expected to cut rates for the first time in a decade at its July meeting.
  • In remarks prepared for delivery at an academic conference in New York, Rosengren made the case for keeping the central bank’s actions independent from politicians.