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!