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HomeBoston Fed President Concerned About Economy and Deflation
Posted by Larry Doyle on July 13th, 2010 2:50 PM |
Nothing like a cold shower from a fellow Bostonian to dose the spirits of what has been a solid 5% rally in the markets over the last week. To what do I refer? Boston Fed President Eric Rosengren sends a cold shiver across the bow of our economic landscape in a recent interview with The Wall Street Journal.
Rosengren specifically sends a note of real caution in terms of his economic outlook, concerns about deflationary trends, a lack of improvement on the jobs front, and the potential need for more quantitative easing on behalf of the Fed. This interview is relatively brief, but it provides a wealth of sense on cents. (more…)
