Fed's Rosengren: Sees robust recovery underway by H2

Author: Adam Button | Category: Central Banks

Comments from the Boston Fed President:

  • Savings built up during pandemic could ultimately lead to significant increases in demand for activities limited by social distancing
  • Repeats that Fed expects o keep rates at near zero levels until 2% inflation target has been reached
  • Economy could face potentially difficult road ahead over the next few months
  • Fed will continue purchases until there is substantially more progress in lowering unemployment rate and raising inflation
  • Without affordable child care and early childhood education, many people will be held back from participating in the labor market
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