IN THE FRS, THEY WERE PRESENTEDFOR MORE RAPID GROWTH OF BETS

lava of the Federal Reserve Bank of Boston, Eric Rosengren, called for a more accelerated tightening of monetary policy by the US Federal Reserve.
On Monday, during his speech in Hartford (Connecticut), the head of the Federal Reserve Bank of Boston said that the Fed should raise rates more than once a year to prevent the emergence of inflationary risks.

“As you know, the FRS governing body, the Federal Open Market Committee, twice since the beginning of the economic recovery decided to raise the base interest rate by 25 basis points – first in December 2015, then in December 2016.
I supported both decisions, but in my opinion, the normalization of monetary policy should continue to be more rapid than in the last year, although not as fast as during the previous cycle of rate hikes that began in 2004.
According to my estimates, the Fed will achieve the planned unemployment and inflation targets by the end of 2017, and therefore I believe that a gradual, but more frequent, rate hike is necessary.
In the absence of a further gradual increase in interest rates, there is a risk that the unemployment rate will fall below the value sustainable in the long term, and as a result, inflation will exceed the Fed’s target of 2%. Monetary policy needs to be adjusted in order to avoid a significant deviation from the objectives within both parts of the Fed’s dual mandate.
In general, in my opinion, the Federal Reserve is likely to continue the gradual normalization of monetary policy in the US, while in many other countries central banks are likely to be forced to resort to softer monetary exchange rates. ”
The head of the Federal Reserve Bank, Erik Rosengren, does not have the right to vote when making decisions in the Federal Open Market Committee (FOMC) of the US Federal Reserve in 2017.