Fed’s Rosengren Worried Fiscal Stimulus Won’t Be There for Next Downturn

Mony
28
0

Federal Reserve Bank of Boston President Eric Rosengren warned Friday that recently passed tax cuts and spending increases are raising risks that authorities won’t have a full tool kit to counter the next downturn.

Despite that caution, Mr. Rosengren said he is optimistic about the outlook in general, in a speech in Boston. He expects the economy to perform slightly better than many of his Fed colleagues, which points to more rate rises than what most officials have penciled in.

Facebook Comments

Comments are closed.