Economics
Fed's Rosengren Says Trade Uncertainty Weighs on U.S. Outlook
- Favors patience on interest rates amid conflicting signals
- Rising wage trend could eventually return inflation to 2%
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Federal Reserve Bank of Boston President Eric Rosengren said the uncertainty surrounding the U.S.-China trade dispute adds a downside risk to his forecast for the economy, giving the central bank another reason to be patient as it keeps interest rates steady.
“While my baseline forecast assumes that a trade agreement will occur without seriously disrupting global trade or global economies, it may be some time before that uncertainty is resolved,” Rosengren said in the text of a speech he’s scheduled to deliver Tuesday in New York.