Rosengren outlines exit options from ‘essential' unconventional monetary policy
Fed could use reverse repos to put a ‘floor' on short-term interest rates
The Federal Reserve's "new" monetary policy tools, including forward guidance and large-scale asset purchases, were "essential" in ensuring the economic recovery in the United States, Federal Reserve Bank of Boston President Eric Rosengren said in a speech at the Central Bank of Guatemala yesterday.
Turning to how long those measures should stay in place, Rosengren said he does "not expect that it will be appropriate to raise short-term rates until the US economy is within one year of both
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