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Fed's Rosengren says worried may start to see reach for yield - BBG

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Boston Fed’s Eric Rosengren and Ken Montgomery look back and look ahead

From bostonfed.org

1. Name a Boston Fed accomplishment in 2017 of which you are particularly proud. (It’s OK--you can have more than one.) Eric Rosengren: On the monetary policy side, we hosted a timely economic conference that highlighted that we shouldn’t have a formula to determine monetary policy. It focused on how the Bank thinks about monetary policy and how economic relationships have changed since the financial crisis. We’ve also done a good job focusing on low- and moderate-income communities through efforts like the Working Cities Challenge, which is now in three states. Ken Montgomery: Our Bank did a lot this year to ... (full story)

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