Fed's Rosengren says we're still in the depths of a recession

It sure doesn't feel that way

Rosengren and Bostic are speaking about the labour market.

Powell at the FOMC highlighted that there were as many Americans unemployed now as there were at the height of the financial crisis.

The stock market long ago stopped worrying about those left behind.

Bostic:

• There has been a considerable amount of recovery
• Relief is still required