Fed’s Rosengren: had not assumed near-term fiscal stimulus in latest forecast

(Reuters) – Boston Federal Reserve President Eric Rosengren on Thursday said he assumed no new fiscal stimulus this year when making his latest economic projections and thus his outlook was among the lower ones offered by Fed policymakers last month.

“Most of my colleagues had an assumption that there was going to be additional fiscal stimulus. I had a somewhat different assumption,” Rosengren said in response to a question following an online presentation hosted by Marquette University. “I assumed no fiscal stimulus until the beginning of next year. As a result my forecast was much weaker than many of my colleagues.”

Rosengren said his weaker outlook was also influenced by concerns about the build-up of excessive leverage and its potentially destabilizing effect, which had been the focus of his prepared remarks.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.