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Fed's Rosengren faults inflation target, warns of harm


By Ann Saphir(Reuters) - The recent drop in U.S. unemployment could spark a surge in inflation that, given the Federal Reserve's current policy framework, could trigger interest-rate hikes that bring on a recession, Boston Federal Reserve President Eric Rosengren warned on Friday. "I'm disagreeing with that framework," Rosengren said at the Global Interdependence Center in San Diego, referring to the Fed's "balanced" approach to achieving a 2-percent inflation target and full employment. The Fed adopted this framework six years ago and has reaffirmed it each year since. Now, as Fed Governor ...

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First Published: Sat, January 13 2018. 04:56 IST