Boston Fed's Minehan on labour markets

In a speech on 'Labour Markets: What We Know and What We Don't' given on 24 March, Cathy Minehan of the Federal Reserve Bank of Boston said the Federal Reserve should not be so patient about keeping the benchmark interest rate low that it allows inflation to become a problem as the US economy expands.

"With a continuing solid pace of growth, this level of monetary accommodation could at some point become incompatible with the core objectives of the central bank," Minehan said in a speech

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