Eric Rosengren, the former president of the Federal Reserve Bank of Boston, said he is concerned that the central bank waited too long to start withdrawing stimulus and suggested the Fed should push to shrink its $9 trillion asset portfolio more aggressively this year. Mr. Rosengren, who resigned from his position last September after 14 years leading the Boston Fed, spoke in an interview on Jan. 31. Here is a partial transcript, lightly edited for clarity and length.
WSJ: What is it that is making monetary policy more difficult in 2022?
