Fed official pushes for raising interest rates

By Joseph Lawler

Published September 23, 2016 2:07pm ET

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Fed official pushes for raising interest rates — Eric Rosengren, one of three officials to dissent from the no-rate-hike decision Wednesday, cited recent job gains and rising inflation as reasons for the Fed to continue raising rates. (AP Photo) | Toby Talbot

The Federal Reserve is in danger of generating too-high inflation or inflating a financial bubble if it doesn’t begin raising interest rates soon, a Federal Reserve official warned Friday in explaining why he voted against this week’s decision to hold the central bank’s rate target near zero.

“Accomplishing a soft landing is difficult, and very rarely achieved,” said Eric Rosengren, the head of the Federal Reserve Bank of Boston.

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Boston Federal Reserve Inflation Interest Rates Joseph Lawler Minusextra Monetary Policy Unemployment