Boston Federal Reserve President Eric Rosengren, one of the three dissenters during the last Fed meeting, sat down with CNBC's Steve Liesman to explain why he thinks interest rates should begin to rise.
"My views haven't changed, what's changed is the economic conditions," Rosengren said, pointing to the strong labor market and an uptick in inflation.
"When we have an unemployment rate that's around 10 percent, we should be very aggressive in our monetary stimulus. When we have conditions like we have right now, which is we are very close to full employment … and core inflation is around 1.7 percent, those conditions are very different," he added.
In this extensive interview, the regional Fed president shares his views on the economy, real estate, Treasurys, wages and the overall outlook behind the central bank's monetary policy.