Fed’s Rosengren Says ‘Mildly Restrictive’ Monetary Policy Likely

President of Boston Fed says the central bank should continue to raise interest rates ‘gradually’

Michael S. Derby

Oct. 1, 2018 12:59 p.m. ET

Federal Reserve Bank of Boston President Eric Rosengren said Monday the U.S. central bank will likely need to lift short-term rates to a point where they’ll help slow down growth.

Pushing rates to that level is important because it will help keep the economic expansion moving forward, Mr. Rosengren said in the text of a speech to be delivered in Boston at a gathering of the National Association for Business Economics.

“I...