Rosengren added that statistics on employment for May are in contradiction with the forecasts of the second quarter: “It’s important to understand whether the weak indicators for May in these forecasts are abnormality or show slowing in labour market”.
Lael Brainard, member of the U.S. Federal Reserve`s Board of Governors, supports careful policy. According to her, at the end of weak global economic growth, market will react Fed’s any act. She added that low global growth have negative impact on volume and speed of Fed’s measures.
Cleveland Fed President Loretta Mester said announced figures on employment don’t change the economic landscape: “I believe we’ll achieve our goals on monetary policy and interest rate stage-by-stage is more convenient. Date of increase of rates depends on statistical indicators”.
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