Fed's Rosengren: More gradual US policy tightening appropriate

Federal Reserve Boston President Rosengren (FOMC voter) is speaking on monetary policy, in a speech titled, "Prospects for Returning to More Conventional Monetary Policy", noting that more gradual US policy tightening remains appropriate, Reuters reports.

Headlines

More gradual US policy tightening appropriate in face of global economic headwinds, market volatility

Rate hikes should be 'unhurried' if US inflation slower to rise than expected

Raises concerns over low oil, lack of inflationary pressures

Says future economic growth somewhat less certain

Little need to raise rates if more pronounced global weakness hits US economy

Fed may need to wait for improved economic data before hiking rates again

Could gain confidence if growth 'much stronger' than expected, wages continue to rise

Dollar rise, oil fall to depress US inflation in near term