Federal Reserve Bank of Boston President Eric Rosengren:
- policy makers shouldn’t rush to cut stimulus with inflation below 2%
“With the inflation rate below target and the unemployment rate significantly above target, we believe strongly that monetary policy makers have the opportunity to be patient in removing accommodation. This was one of the motivations for my dissenting vote.”
- (Rosengren was the one dissent last month against a Fed decision to taper bond buying)
Rosengren was speaking on a panel discussion at the American Economic Association’s annual meeting in Philadelphia.
