Further comments from the Rosengren.............>

FED: Further comments from the Rosengren interview: 

-Fed funds = 2.13%, inflation 2% (cites trimmed mean), therefore real rates near

zero. We already have accommodative monetary and fiscal policy. Possibility

global factors put us off track but just because other countries are weak

doesn't mean we should be easing as well.

-Continues to cite risks of easing policy as it would encourage higher leverage

which would exacerbate downturn in next recession. Miles away from 'insurance

cut' talk by Powell and Vice Chairs. "Not saying there aren't circumstances"

where he would be open to ease, but would need to see more evidence of the

economy slowing sufficiently. Reiterates that he was among the most dovish

members on FOMC during GFC. "It's not easy" to dissent, implies he strongly

disagreed with FOMC's July decision.

-Interview ends.