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The Federal Reserve Bank of Boston President Eric Rosengren said in an interview with the Financial Times on Tuesday that central banks including the Fed should set higher inflation targets to avoid dealing with low economic growth.
Higher inflation rate target could mean more room to lower interest rate, Rosengren said.
The Federal Reserve Bank of Boston president expects the U.S. economy to expand slower than 2.2% in the first quarter.
Rosengren is not a voting member of the Federal Open Market Committee this year.
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