That’s part of the reason he supports the Fed’s ongoing review of its strategy for pursuing low and stable inflation and “whether the Federal Reserve should aim for somewhat above-target inflation during recoveries” in order to keep long-run inflation expectations at around 2%.
The Fed will release minutes Wednesday of its April 30-May 1 policy meeting, possibly shedding more light on the variety of views within the Federal Open Market Committee. Rosengren is a voter this year on the policy-setting panel.
This article was provided by Bloomberg News.