- Says Fed should be ‘quite patient in removing stimulus
- Urges patience in cutting stimulus, cites job market
- Too much labor slack, very low inflation calls for highly accommodative policy
- Urges greater policy emphasis on broader measures of labor market utilization, which remain weak
- Labor market far from conditions that warrant raising rates
- US remains very far from historical avg levels of labor market utilization\
Boston Fed’s President Eric Rosengren, speaking in Florida
