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Rosengren and Kashkari Put the Fed’s Split Over Interest-Rates on Display
Federal Reserve Bank of Boston President Eric Rosengren renewed his case against further interest-rate cuts this year as a fresh spate of commentary from U.S. policy makers highlighted the breadth of opinions among central bankers. Rosengren, among the more hawkish members of the Federal Open Market Committee and a voter this year, argued that the Fed’s recent moves to lower rates are enough to address the risks threatening an economy that is otherwise in good shape. ‘Monetary policy is already accommodative,” Rosengren said in the text of a speech Friday in Madison, Wisconsin. “This is especially notable ... (full story)