Cares Act a very good start, but US may need bigger fiscal response – Rosengren

Eric Rosengren
Photo: © 2019 Federal Reserve Bank of Boston

The US government’s coronavirus fiscal package is a “very good start”, but more fiscal support will probably be necessary, Eric Rosengren, president of the Federal Reserve Bank of Boston, said.

The authorities have acted “strongly” with the Coronavirus Aid, Relief and Economic Security (Cares) Act, but they “are going to have to probably do more”, Rosengren said in remarks during an online forum, US TV channel CNBC reported.

Further legislative action should focus on “simplicity and speed” in

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