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Boston Fed President Eric Rosengren said in a speech on Monday that the Fed could hike its interest rate sooner than expected by markets.
"If the incoming data continue to show a moderate recovery - as I expect they will - I believe it will likely be appropriate to resume the path of gradual tightening sooner than is implied by financial-market futures," he said.
Rosengren noted that the U.S. economy could withstand developments abroad, and financial market volatility subsided.
Rosengren is a voting member of the Federal Open Market Committee (FOMC) this year.
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