Policy-makers must re-examine financial stability tools – Fed official

Eric Rosengren
Photo: © 2019 Federal Reserve Bank of Boston

Policy-makers must re-examine their financial stability tools because they are inadequately factoring in the challenges associated with the low rate environment, Federal Reserve Bank of Boston president Eric Rosengren has said.

The low-rate environment makes exiting recessions more problematic not only because of a lack of policy space, Rosengren said, but also because it amplifies the severity of the downturn by encouraging greater household and corporate leverage.

“At least to date, it is my

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: