U.S. economic growth is likely to be much closer to 2-2.5 percent in the coming ...
FILE PHOTO: File Photo: The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo
HONG KONG - U.S. economic growth is likely to be much closer to 2-2.5 percent in the coming three quarters, but a central bank pause is the responsible thing to do, Eric Rosengren, president and CEO of the Federal Reserve Bank of Boston, said on Tuesday. Rosengren, speaking at a conference in Hong Kong, said economic weakness in China and Europe posed risks to that scenario. He also said the global low-yield environment weighed on U.S. Treasury yields.
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