Labor market slack and monetary policy

Eric Rosengren ()

No 82, Speech from Federal Reserve Bank of Boston

Abstract: In a speech to the Boston Economic Club, Federal Reserve Bank of Boston President Eric Rosengren called for a \"patient approach\" to removing the Fed's accommodative monetary policy, given the high numbers of U.S. workers who want full-time work but are currently working part time. He also cited the still-high unemployment rate, and the very low inflation rate.

Pages: 11 pages
Date: 2014-02-26
New Economics Papers: this item is included in nep-mac and nep-mon
Note: Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Boston Economic Club, Boston, Massachusetts, February 26, 2014.
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