Fed’s Rosengren sees less room to tackle next recession
Fiscal, monetary and regulatory buffers not as high as they should be, says Boston Fed president
Policy-makers in the US may have limited room to respond to the next recession due to a failure to build buffers during good times, Eric Rosengren warned on September 8.
“We don’t have much monetary policy ammo, in the event that we do have a recession,” the Federal Reserve Bank of Boston president said at a conference his institution was hosting.
But Rosengren also warned that Federal and regional fiscal buffers were likely insufficient, as well as regulatory buffers. “Those buffers have
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