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Rosengren: After the Great Recession, a Not-So-Great Recovery
Speaking at the Federal Reserve Bank of Boston's 60th Economic Conference, president Eric Rosengren explored some of the facts that have made this economic recovery unusual, including subdued growth in real GDP, an unemployment rate that despite tepid growth has fallen faster than many expected, and inflation lingering below the Federal Reserve's 2 percent target. "Understanding why this recovery has been different is important" for policymakers Rosengren said. "Understanding the sources of the difference will shape expectations going forward, and views on how to calibrate policy." Rosengren called this recovery ... (full story)