May 5 (Reuters) - It is too soon to talk about tapering the Federal Reserve's asset purchases and policymakers will send clear signals to the market when the time comes, Boston Federal Reserve Bank President Eric Rosengren said on Wednesday."We need to have a substantial improvement for us to begin tapering," Rosengren said during a virtual discussion organized by Boston College.
(Reuters) - Inflation will be temporarily distorted this spring as the U.S. economy works through imbalances caused by the pandemic but the pressures should be short-lived and should not lead to a pullback in monetary policy, Boston Federal Reserve Bank President Eric Rosengren said on Wednesday."Despite the ebbs and flows of the data, inflation is expected to remain close to 2 percent over the forecast horizon," Rosengren said in remarks prepared for a virtual event organized by Boston College.
TOKYO (Reuters) - The dollar rose from near a three-week low against major rivals on Tuesday, buoyed by a bump in Treasury yields, as traders awaited highly anticipated U.S. inflation data later in the day.The greenback has eased back along with U.S. yields this month after surging to multi-month peaks on expectations that massive fiscal stimulus coupled with continued monetary easing will spur faster U.S. economic growth and higher inflation.
(Reuters) - The labor market could tighten significantly later this year and next year as coronavirus infections are contained and more people return to work, Boston Federal Reserve Bank President Eric Rosengren said on Monday.Some employers that put off hiring could face strong competition for workers later, and some businesses are already raising pay to attract workers for relatively low-wage jobs, he said.
(Reuters) - The U.S. economy could see a significant rebound this year thanks to accommodative monetary and fiscal policy, but the labor market still has much room for improvement, Boston Federal Reserve Bank President Eric Rosengren said on Monday."With labor-market slack still significant, and inflation still below the Federal Reserve’s 2 percent target, my perspective is that the current highly accommodative stance of monetary policy is appropriate," Rosengren said in remarks prepared for virtual discussion with business leaders.
(Adds further Rosengren remarks) Feb 19 (Reuters) - Women, minorities and low-wage workers have been disproportionately affected by pandemic-related job losses and efforts to reopen the economy should include programs that improve job quality and make child care more affordable, Boston Federal Reserve Bank President Eric Rosengren said on Friday. “Absent such
(Reuters) - The $1.9 trillion fiscal relief package lawmakers are considering is appropriately large given the pandemic’s effects on the labor market and policymakers will have time to pull back support as the economy approaches full employment, Boston Federal Reserve Bank President Eric Rosengren said on Friday. “It is a big