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Tuesday, 05/21/2019 12:18:49 PM

Tuesday, May 21, 2019 12:18:49 PM

Post# of 365620
this is your captain speaking... captain obvious ... Boston Fed president calls trade negotiations 'prominent downside risk'
Boston Federal Reserve president Eric Rosengren says in a speech today at the Economic Club of New York,"Given that inflation has underrun the target over the last several years, it is wise to admit to some uncertainty about this part of the forecast. It is my view that the Fed can afford to wait to see if that forecast does indeed materialize. In addition, the presence of a prominent downside risk - more disruptive trade negotiations - seems to me to be another important reason for policymaker patience until this source of uncertainty is more resolved.

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