Boston Federal Reserve president Eric Rosengren issues unusual plea for Fed, Bernanke to take more action on economyQuicklink submitted by Amanda Lang Permalink
Become a Fan
|Among the actions he wants his colleagues to consider is for the Fed to again drive down interest rates by buying trillions of dollars in securities; in particular, Rosengren wants the Fed to focus on buying mortgage securities to push home loan rates even lower, which would make housing cheaper, boost the real estate market, and free up money for homeowners to spend elsewhere. Some Fed specialists said the remarks from Rosengren are unusually pointed in a world where even the simplest statements are carefully worded. Tim Duy, an economics professor at the University of Oregon who writes a column called Fedwatch on the website Economist's View, said he was struck, in particular, by Rosengren's publicly urging the central bank to ignore the political situation. 'That would be fine to say internally. But to say that externally, to pull back the curtain and say, 'They're doing this for...|
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.