Fed’s Rosengren Remarks on Friday

President of the Federal Reserve Bank of Boston, Eric Rosengren, expects the Fed’s substantial further progress towards achieving targets will likely be met prior to the beginning of next year, prompting reducing asset purchases.

Accordingly, the Fed’s conditions for raising interest rates could be met around the end of 2022, Rosengren told Yahoo Finance.

The Boston Fed President expects inflation will be temporary, before going around 2%, but might last a little longer than monetary policymakers were expecting.