use leverage with caution...
-
Monetary Policy as the Economy Approaches the Fed’s Dual Mandate
Boston Fed President Eric Rosengren said today that the economy has continued to improve and called for continued gradual removal of monetary policy accommodation. "Over the next year or two, I expect real GDP to grow somewhat faster than 2 percent, the unemployment rate to continue to gradually decline, and inflation to gradually return to the Federal Reserve's 2 percent target," Rosengren said. While his forecast envisions a continuation of the economic growth we have seen over the past several years, Rosengren emphasized that the "starting point" is quite different now. "The labor market has significantly ... (full story)