Fed's Rosengren: Expects more rate hikes than predicted by 'pessimists'

Eric Rosengren, President of the Federal Reserve branch in Boston (a FOMC voter), is speaking at Central Connecticut University, noting that he sees more rate hikes than predicted by 'pessimistic' investors, Reuters reports.

Headlines

Sees more rate hikes than predicted by 'pessimisitc' investors

Market prediction of 1/4-pct rate hike per year unjustified

Preferred inflation measure now 'much closer' to target than last year

Downplays weak Q1 GDP, cites 'more optimistic' reading

Says US economy fundamentally sound

Appropriate to probe how low unemployment can go

Fed should not pause policy so long as to raise risk of recession

Market-implied rate path would risk overheating economy