- Boston Fed president Rosengren: U.S. economy could face potentially difficult road ahead over the next few months
Market news
19 February 2021
Boston Fed president Rosengren: U.S. economy could face potentially difficult road ahead over the next few months
- Sees robust recovery underway by H2
- Says monetary policy is quite accommodative
- Both monetary and fiscal policy responses have been quite appropriate, given the severity of the economic crisis
- Savings built up during pandemic could ultimately lead to significant increases in demand for activities limited by social distancing
- Repeats that Fed expects to keep rates at near-zero levels until 2% inflation target has been reached
- Fed will continue purchases until there is substantially more progress in lowering unemployment rate and raising inflation
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page