Fed's Rosengren repeats that he's pretty confident in H2 recovery

Author: Adam Button | Category: News

Comments from the Boston Fed President on the outlook for 2021

Presentations similar to his comments on Tuesday, which were:

  • Fed will continue to purchase long-term assets until the economy is on a stronger economic footing
  • We are likely to see a significant pickup in consumption in H2
  • Highly accommodative fiscal and monetary policy will provide significant tailwind for risky assets in 2021
  • More needs to be done to make financial infrastructure more resilient and avoid future shocks similar to March
There is no Q&A or media so we probably won't hear anything else from him today. Up next is Bostic at 1600 GMT, then Powell at 1730 GMT.

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