Inflation goal may be too low, says Fed's Rosengren

April 21, 2015 5:43 AM

53 0

April 21 (Reuters) - Central banks including the Federal Reserve may need to set higher inflation targets in the future to avoid dealing with low economic growth, Eric Rosengren, president of the Federal Reserve Bank of Boston, said in an interview with the Financial Times.

Rosengren said he wanted the Federal Open Market Committee to debate about whether the United States' inflation target of 2 per cent was too low, the FT reported.(

Also read: Armed Occupiers of Oregon Wildlife Refuge Acquitted

Read more

To category page