Boston Fed President Eric Rosengren dissented to Fed’s rate cut this week and voted for no change. In a statement released today, he explained that “additional monetary stimulus is not needed for an economy where labor markets are already tight, and risks further inflating the prices of risky assets and encouraging households and firms to take on too much leverage.”

He also warned that “While risks clearly exist related to trade and geopolitical concerns, lowering rates to address uncertainty is not costless.”

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