Fed's Rosengren: People need to be comfortable before there's a recovery

Author: Adam Button | Category: Central Banks

Comments from Rosengren on CNBC:

  • We're working to get Main Street lending program up as soon as we can
  • I think the program will have enough money
  • I think we're already relatively close to 20% unemployment, expect more bad news over the "next couple months" followed by gradual pickup
  • Repeats that unemployment will still be in double-digits at year end
  • If you want people to go out, they need to feel safe
There was nothing notable here.

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