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Fed's Rosengren: Too early to decide on changes to monetary policy plans

FXStreet (Łódź) - Boston Fed president Eric Rosengren said in an interview for CNBC on Friday that it was too early to decide whether the end of QE3 should be delayed due to the recent turmoil on stock markets and worse economic data.

"I would remind you though that just a couple months ago we were talking about how little turbulence there was. It's going to take us a little time to fully process what exactly is the reason for the turbulence," he said.

Rosengren pointed to mid-2015 as still the most probable time for the first rate hike and added that further QE wasn't expected although not totally ruled out.

Rosengren added that what worries the Fed is the deteriorating situation in Europe.

Gold ready to shoot?

Gold prices have stabilized around USD 1240/Oz, occasionally dipping to USD 1238 levels. The metal prices have not responded to the rise in the European equities, while completely ignoring the rise in the US treasury yields.
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