HELSINKI (AFX) – the head of the regional Federal Reserve Bank of Boston, Eric Rosengren, comes despite the recently weaker labor market in the US by a tighter monetary policy. For a possible date on which the introduced end of 2015. US interest rate reversal could continue to Rosengren did not comment on Monday in Helsinki. Recent economic data had been uneven. However, it should be assumed that a sufficient economic growth, so that a “gradual” tightening of monetary policy was justified, he said.
Rosengren, who is eligible to vote in this year’s monetary policy committee of the US central bank, also commented to the weak labor market report on Friday. The construction of only 38 000 jobs in May – the weakest for almost six years – was indeed been “disappointing”. However, he wanted to wait and see if it constituted an “anomaly” or a broad-based cooling of the job market.
The labor market data had interest rate expectations on the Fed significantly reduced. From a second rate hike after the financial crisis at the next meeting in mid-June a market participant aus./bgf/jkr
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