MarketWatch (11/10/14) Steve Goldstein
Monetary policymakers should remain patient about removing accommodation until there’s stronger evidence that inflation will return to 2%, says Eric Rosengren, president of the Federal Reserve Bank of Boston. Inflation may be below target levels because there may be more slack in the labor market than suggested by the 5.8% unemployment rate. Broader measures of unemployment are greater today than at their highest points after the prior recession, Rosengren says.
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