Rosengren with a hawkish tinge in his comments
- It's appropriate to consider how to avoid hitting zero with short-term interest rates
- Repeats calls for inflation range target rather than specific number
- Repeats call for counter-cyclical buffer for banks
- Gov'ts should shore up finances now to reduce impact of next recession
Here's the problem: Low unemployment isn't exactly a guarantee of inflation, especially in a world where the Supreme Court is dealing out blows to unions.
