Calls for more accommodation monetary policy Sees 8.4% unemployment rate with no policy action, at year end Policy accommodation must be sufficient enough in magnitude to make a difference (sized like the first two) but should be open-ended
Rosengren: US economy treading water; H2 won’t be much better
Calls for more accommodation monetary policy Sees 8.4% unemployment rate with no policy action, at year end Policy accommodation must be sufficient enough in magnitude to make a difference (sized like the first two) but should be open-ended






