Regional Fed presidents differ starkly over US economy
Boston Fed president warns of easing risk creates risks, but St Louis Fed chief says manufacturing is in recession
Two regional Federal Reserve presidents have made speeches highlighting the increasingly wide divergence in their views on US monetary policy.
Boston Fed president Eric Rosengren and St Louis Fed president James Bullard are both voting members of the Federal Open Market Committee.
Rosengren has dissented in the last two FOMC meetings, voting to hold rates at 2.25–2.5% in July and 2–2.25% in September. In contrast, Bullard made a dovish dissent in the September meeting, voting for a larger
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