Fed's Rosengren wants to pay more attention to buffers for future shocks
Eric Rosengren is president of the Federal Reserve Bank of Boston
He is speaking on Friday, his prepared text released now by the Boston Fed
- He says important to evaluate potential costs of long periods of low rates
- Costs of low rates, could impact how policy should react to recession
- Calls for more attention to establishing policy 'buffers' to mitigate future shocks
Nothing much there to move the currencies. Perfect central bank speak!