Sina Finance reported on the 18th that Boston Federal Reserve Bank Governor Eric Rosengren (Eric Rosengren) said that the US economy is “in an advantageous position” next year, and policymakers should not adjust interest rates until they see “significant” changes in the outlook.

Speaking in New York, he said, “The labor market is strong, inflation is moving towards target, and the economic growth rate is likely to be slightly higher than potential.”

His speech brought him in line with the leadership of the Federal Reserve, although he had previously opposed interest rate cuts.

Rosengren was a voting member of the 2019 Federal Open Market Committee (FOMC); he opposed all three interest rate cuts this year.

Rosengren said that due to the lagging impact of monetary policy, the Fed's interest rate cut measures will continue to boost the economy for some time.

He said, “Now is a good time to patiently assess the state of the economy. In the short term, unless there is a major change in predictions, I don't think there is any need for further policy relaxation.”