October 17, 2016 3:07 AM
October 17 -- Federal Reserve Bank of Boston President Eric Rosengren said the U.S. central bank is already running the economy hot enough to overshoot his estimate for the lowest sustainable level of unemployment and to reach its goal for 2 percent inflation. Rosengren, long a proponent of ultra-low interest rates to stimulate job creation, has emerged in recent months as a leading voice among policy makers eager to resume raising rates. That’s put him at odds with Fed Chair Janet Yellen, who is keen to continue expanding the workforce and sees less risk of triggering much higher inflation. AXA Investment Managers Senior Economist David Page Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."