In remarks Friday, Boston Fed President Eric Rosengren said that economic data "have been quite good," monetary policy remains accommodative, and fiscal policy has just become quite a bit more stimulative." The unemployment rate, he said, is now below even the lowest estimates by Federal Reserve policymakers for the level that is likely to be sustainable in the longer run. Turning to inflation, Rosengren said that while it is still a bit below the Federal Open Market Committee's target, most forecasters expect inflation to rise to, or near, that 2 percent target by the end of 2018. The notable strength of the labor ... (full story)