US Fed’s Rosengreen expects underlying inflation close to 2% over 2018

US Fed’s Rosengreen speaking to Bloomberg tv 13 Oct
– wages and salaries are going up
– labour market is tight
– US jobless rate could fall below 4%
– concern that prolonged low rates spurs reach for yield so that’s one reason to normalize rates
But afterwards ? Seems to me once again the CB hawks just want to

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