Salient to Investors:
FRB of Boston President Eric Rosengren said:
- Significant accommodation remains appropriate and warned that inflation could impair growth should it decline further.
- It may be undesirable to abruptly stop purchases: better a modest reduction in the pace of asset purchases when we see a gradual improvement in labor markets and the economy.
- The Fed is not meeting its mandate to ensure price stability as core inflation remains at the very low-end of recent experience, and the unemployment rate is close to the cyclical peaks of the past two recessions.
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