Fed's Rosengren: More interest rate hikes may be needed than is currently projected

"I expect somewhat more tightening may end up being needed than is currently reflected in the projected median for the federal funds rate," said Boston Fed President Eric Rosengren this Friday.

Additional headlines:

   •  Backs at least 3 more US hikes this year.
   •  More optimistic than already quite positive FOMC on growth forecasts.
   •  Trade tariffs risk disruption in hard-to-predict ways.
   •  Q1 jobs growth strong, risk of boom/bust if unemployment drops too low.
   •  Expect jobless rate to drop to 3.7% by end of 2018.
   •  Fiscal stimulus could leave economy vulnerable in next downturn.