Description
Boston Federal Reserve Bank President Eric Rosengren speech to the NAIOP commercial real estate development association in Boston.

Highlights
Boston Fed President Eric Rosengren today downplayed the impact of higher gasoline prices saying that fuel inflation will likely have only a modest effect. He gave the company line on policy, indicating that the Fed will not allow higher commodities prices to boost long-run inflation. But he also stated that there is no need to tighten monetary policy now.