Boston Fed President Eric Rosengren said the U.S. economic conditions will continue to gradually improve, which in turn would justify further actions to normalize policy.
Speaking at the Global Interdependence Center's Central Banking Series in Helsinki, Finland, Rosengren said, "I expect that the U.S. central bank will gradually normalize monetary policy as the three conditions set out in the April FOMC minutes are met."
A rebound in spending, continued strengthening of labor markets and additional progress toward reaching the Federal Reserve's 2 percent inflation target would make it appropriate to further raise interest rates, according to the minutes of the FOMC meeting.
Rosengren expects that after policy has normalized, a full evaluation of U.S. quantitative easing will suggest that the tool was useful, and therefore appropriate in the future if needed.
Turning to negative interest rates, the banker said he does not expect that the U.S. will need to use negative rates.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.