Fed unlikely to raise U.S. rates too rapidly, Rosengren says

September 9, 2016 10:07 AM EDT

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QUINCY, Mass. (Reuters) - The Federal Reserve is unlikely to raise interest rates so rapidly that it causes a U.S. recession, Boston Fed President Eric Rosengren said on Friday.

"I don't think recessions happen because it's been a long time ... but because of policy mistakes. Right now it is hard to see us raising rates too rapidly," Rosengren said at a business event, adding the probability of a U.S. recession at the moment is "quite low."

(Reporting by Svea Herbst-Bayliss; Writing by Jonathan Spicer; Editing by Chizu Nomiyama)

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