Fmr. Boston Fed Pres.: Until the Strait of Hormuz fully opens there will still be oil supply shock

Eric Rosengren, former Boston Fed President, appeared on 'Closing Bell Overtime' to discuss the ripple effects of the energy shock and what is on the Federal Reserve's plate. He framed the issue around potential energy-driven inflationary pressures and the implications for Fed policy and interest-rate decisions; no new policy actions or data were announced.

Analysis

Eric Rosengren, former Boston Fed President, appeared on 'Closing Bell Overtime' to discuss the ripple effects of the energy shock and what is on the Federal Reserve's plate. He framed the issue around potential energy-driven inflationary pressures and the implications for Fed policy and interest-rate decisions; no new policy actions or data were announced.