Fed's Rosengren: Fiscal package currently considered is appropriately big

Fed's Rosengren speaking

• Fiscal package that is being considered right now is appropriately big
• Given disruptions in labor market, fiscal and monetary policy response should be aggressive
• We can worry about fiscal sustainability issues once we get closer to full employment
• There is time to pull back on policy if economy comes back faster than were expecting
• He is hopeful recovery will be strong enough to reach full employment within 2 years
• Path the full employment depends on what happens with the new virus variance and vaccine distribution.