No U.S. inflation progress, no Fed rate hikes: Rosengren

"If we see no progress on inflation at all, there would be no rush to be raising rates," Boston Fed President Eric Rosengren told students at Colby College.

"In order to ease further we'd have to see that we're not getting the forecasts of 2 percent growth at all," he said. "We'd probably have to see a situation where we'd be concerned that the unemployment rate would be rising rather than falling ... and a significant weakening in labor markets."

(Reporting by Dave Sherwood; Writing by Jonathan Spicer; Editing by Leslie Adler)