- Fed’s Rosengren: “US growth remains disappointingly slow to date, and significant downside risks remain”
Market news
27 March 2012
Fed’s Rosengren: “US growth remains disappointingly slow to date, and significant downside risks remain”
Should growth slow down more than is expected, more policy accommodation could be advisable
Even if growth is better than expected, he wants to keep policy accommodative and only wants to remove accom if a clear dual mandate is achievable
2.5% real growth is only enough for a modest dip in unemployment
Oil, budget deficit, unemployment are risks remaining, but mkts are improving and downside risks are lessened
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