Fed's Rosengren: conditions for rate hike not yet met

April 16, 2015 5:55 PM

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Fed's Rosengren: conditions for rate hike not yet met

LONDON (Reuters) - The U.S labor market needs to strengthen further and inflation needs to show signs of heading back up to 2 percent before the Federal Reserve will raise interest rates, a top Fed official reminded a London audience on Thursday.

The Fed in March set for itself exactly those two conditions for raising rates in what will be its first round of monetary tightening in more than a decade.

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