Boston Fed’s Rosengren flags key elements of successful QE
Warns some countries may have acted too late
Quantitative easing (QE) can succeed or fail based on the choices central banks make when designing the policy, Eric Rosengren, president of the Federal Reserve Bank of Boston, told an audience in Frankfurt yesterday.
Rosengren admitted not all of the Fed's three rounds of QE had been entirely successful. In a speech at an event jointly organised by the Peterson Institute and Moody's, he said QE2's limited size, focus on Treasury securities and poor communication had weakened its effects.
To
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