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- Boston Fed president Rosengren: U.S. has "a lot more to do" to fix labor market with gap that is "quite large"
Boston Fed president Rosengren: U.S. has "a lot more to do" to fix labor market with gap that is "quite large"
- Labor market still disrupted
- Infections and vaccinations still determining the path of economy
- Payroll creation in January was a pretty weak number
- All major inflation measures are "quite low" right now
- Increase in 10-year Treasury bond yield points to anticipation that economy will do better in second half of the year
- Consumption over the next couple of months will be boosted by fiscal actions already taken and likely to come
- Says he Would be surprised if there a sustained inflation rate that hits Fed's 2% target within next year or two
- If inflation becomes problem "the Fed will take care of it"
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