NAVIGATION MAIN MENU

COMPENDIUM LIBRARY/TWITTER MONITOR
VIDEO GALLERY
Economic News
Newsbrief Archives
Democrat Leadership Twitter and Realtime Feeds
Cabinet twitter and realtime feeds
North America weblog
International weblog
Democrats twitter directory
Latest Government Jobs and Public Tenders
Jobs Matrix
Global Travel Information
Pop Entertainment Forum
Start Portal


Please make a donation to support upkeep of the daily news journal, back archives, twitter feeds and the compendium library.










Fed's Rosengren backs further easing

Daily newsbrief journal for May 2012, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Fed's Rosengren backs further easing

Postby admin » Wed May 30, 2012 5:11 pm

Fed's Rosengren backs further easing
from MarketWatch.com - MarketPulse
WASHINGTON (MarketWatch) -- Further easing of monetary policy is both appropriate and necessary, said Eric Rosengren, the president of the Boston Federal Reserve Bank, on Wednesday. "The U.S. ... needs to facilitate a more rapid recovery and monetary policy is one important tool with the potential still for encouraging faster growth," he remarked in a speech in Worcester, Mass. Rosengren said he expected growth to average a 2.3% rate over the full year and didn't think that the unemployment rate would improve from its current 8.1% level. "I do not expect growth to pick up significantly and ... do not expect marked improvement very weak labor markets," he added. The bulk of the high unemployment rate is due to a lack of demand and not structural problems like poor job skills, according to Rosengren. "Slow wage growth is evidence that companies do not have to bid up wages to find workers." Inflation as measured by the personal-consumption expenditure index is likely to be below 2% this year, and "for some time to come," he said. If downside risks from the European debt crisis materialize, more aggressive actions would certainly be warranted, Rosengren commented. The Boston Fed president is not a voting member of the Fed's interest-rate setting committee this year.
admin
Site Admin
 
Posts: 82092
Joined: Fri Nov 27, 2009 7:00 am

Return to May 2012

Who is online

Users browsing this forum: No registered users and 11 guests

cron