Eric Rosengren: I dissented in July because the economy was pretty good

Eric Rosengren is making comments on Bloomberg TV. He dissented in July because he feels that the economy was still pretty good.

Key comments:

• We are in a pretty good spot right now...
• There are costs to easing policy too much, including too much leverage.
• Economic conditions in US are still ‘pretty good’.
• Dissented in July because US economy was pretty good.
• US in a pretty good spot right now.
• View at last FOMC meeting was to focus on unemployment, inflation.
• Consumption is strong and spending can support growth. 
• This is a good time to sit back and look at the data.

More to come...