Fed's Rosengren: Hard to change inflation expectations just by printing money

Author: Eamonn Sheridan | Category: Central Banks

Eric Rosengren, president of the Federal Reserve Bank of Boston in the Q n A

  • US has more flexibility to expand balance sheet and run deficits than other countries, but can still risk losing market's confidence
  • US is not in extremes of broad financial asset valuations
  • Financial stability concerns are not so large that he would want to slow the economy further
  • Not in favour of Fed using negative rates

If you are wondering about what R is talking about here with inflation expectations, I have posted on this before (in an Australian context but it applies equally elsewhere):

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