Too soon to make an adjustment on QE plans: Boston Fed's Rosengren

Jeff Morganteen | @jmorganteen

Wendy Maeda | Boston Globe | Getty Images

Eric Rosengren, Boston Federal Reserve president

Boston Federal Reserve President Eric Rosengren told CNBC on Friday that Fed officials need time to fully process what's causing widespread turmoil in the financial markets before making a judgement on changing monetary policy plans.
"Financial markets have been quite turbulent," Rosengren said in an interview with CNBC. "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."
Rosengren was speaking during an interview with CNBC's "Squawk Box." Speculation over how the Fed will respond to volatility on Wall Street and concerns over European growth intensified after Wednesday's wild selloff.
On Thursday, St. Louis Fed President James Bullard helped calm markets when he suggested the Fed could pause the wind-down of its easy money policy and wait for more economic data in December. Both Rosengren and Bullard are non-voting members of the Federal Open Market Committee, the Fed's policy-setting board.
—By CNBC's Jeff Morganteen.