Fed’s Rosengren: With inflation subdued, monetary policy should be focused on employment

Author: Gerry Davies | Category: Central Banks
  • Decline in spread between mortgage, treasury yield after Fed’s operation twist “very significant”
  • Fed should consider taking action if spreads between mortgage, treasury yields widen significantly
  • Important to examine housing policies that might be changed to reduce impediments to monetary policy
  • Housing sector woes impairing recovery

Guess we can place Mr Rosengren in the dove camp.

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