Boston Fed President  Eric Rosengren said in a speech today that Fed can wait on further rate hikes. He noted that “There should be no particular bias toward raising or lowering rates until the data more clearly indicate the path for domestic and international economic growth”. And he added “I believe we can wait for greater clarity before adjusting policy.”

Rosengren pointed to “Recent data from China’s economy, the potential for increased trade tensions, and heightened volatility all counsel for policy to be both flexible and patient.” Also, “I recognize that the risk of a U.S. economic slowdown, led by weakness abroad, has increased.”

Rosengren’s full speech.

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