Rosengren: Economy Faces "Boom Bust", "More Tightening Needed Than Market Pricing In"

Having long ago converted from a dove to a hawk, this morning Boston Fed President (and non-voter in 2018) Eric Rosengren warned that the U.S. economy could be derailed in a "boom-bust scenario" as unemployment drops more than his Fed colleagues expect, and as the Fed falls further behind the curve of rising inflation.