- Transparent Fed communication is more important now
- Fed should focus on financial stability now
- Urges predictable, transparent reductions in portfolio in years ahead to avoid financial risks
- Wants seamless continuation of QE tapering to reduce balance sheet
- Backs raising IOER and running reverse repo’s when the time comes to tighten policy
- Holding MBS could help Fed contain any future housing market bubbles
Boston Fed’s Eric Rosengren in Guatemala. He’s not on the FOMC voting roster
