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BOSTON, May 13 (Reuters) - The Federal Reserve has the tools it needs, including lowering rates, to respond to any slowdown resulting from the U.S.-China trade spat, a top Fed policymaker told Reuters on Monday, adding that he is not necessarily expecting such a need at this point.
"If the impact of the tariffs - and whatever financial market reaction to those tariffs is - causes more of a slowdown, then we do have the tools available to us, including lower interest rates, not that I'm necessarily expecting this will generate the need to do that," said Boston Fed President Eric Rosengren, who votes on the Fed's rate-setting committee this year.
Rosengren suggested the Fed's current stance on rates may not need to change.
"It's hard for the Fed to react until we have better information, so in terms of us viewing our policies as being patient, I'm not sure this alters our view of that until we have a better sense of whether this is going to have more long-lasting effects," he said. (Reporting by Trevor Hunnicutt; Editing by Meredith Mazzilli)