Fed’s Rosengren: No need to quicken pace of rate hikes

Reuters is out with the latest comments from Boston Federal Reserve (Fed) President Eric Rosengren, with the key headlines found below.

No need to quicken pace of rate hikes.

But sees inflation moving "persistently" above Fed target.

That will justify continued rate hikes.

Would not be surprised if Fed estimates of neutral rate shift higher.

Labour market is tight and there is solid growth in the economy.

Inflation is at a target that gives the Fed a "good idea" of rate path.

Strengthening economy likely will need "mildly restrictive" policy in the future.