WASHINGTON, D.C.: A US central banker said on Wednesday (Thursday in Manila) he favors four increases in the key interest rate this year, one more than projected by the majority of Federal Reserve policymakers.

Boston Federal Reserve Bank President Eric Rosengren, previously known for supporting the Fed’s ultra-accommodative policy, seems to have had a drastic change of opinion, and now is concerned about preventing the economy from overheating.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details