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Rosengren, President of the Federal Reserve Bank of Boston, said Friday that the US Federal Reserve Board (/FED) may need to raise at least three more interest rates this year as a result of the strong US economy, despite the risk of potential trade disturbances.
When Rosengren spoke at the Boston chamber of Commerce's economic outlook breakfast, it outlined an optimistic picture of strong growth in employment, a small rise in inflation and a higher level of economic growth than the average. But he pointed out that the recent tariff measures and the threat of more tariff measures in the future could be a short-term risk, and that fiscal stimulus might lead to longer - term problems.
"I think the increase in interest rates may ultimately be more than the expected median of two times in 2018, which the central bank's decision Committee predicted last month," he said.
Rosengren is an experienced policymaker. His policy stance has become more hawk in the past two years. He said he expected the economic performance to be stronger than that of the Federal Open Market Committee (FOMC).
But he pointed out that the metal tariff measures launched by the Trump administration and the threat of more trade action against China are a risk that "spillover effects may be difficult to measure", such as rising prices.
When asked to comment on Trump's policy on twitter, Rosengren did not comment, saying that policy errors could lead to a recession, and say it might come from financial errors or other unpredictable factors.

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