Rosengren said he wanted the Federal Open Market Committee to debate about whether the United States’ inflation target of 2 per cent was too low, the FT reported. If inflation targets were set higher, it could mean a higher long-run policy rate, which would mean more room to cut interest rates before hitting the so-called “zero lower bound”, Rosengren, who does not have a vote on the Fed’s policy-setting committee this year, told FT.