- Fed goal is to avoid repeating Japan’s mistakes
- Wants inflation rate closer to 2%
- Taper possible because economy improving
- Says Fed does have very big balance sheet
- Fed wants more normal balance sheet when appropriate
- Allowing assets to mature to reduce balance sheet
Earlier headlines from Rosengren
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Added: Reuters article on Rosengren’s speech: Fed’s Rosengren urges patience in cutting stimulus, cites job market