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Just a year since the U.S. housing market hit bottom after the biggest plunge in eight decades, signs of excess are re-emerging.
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Federal Reserve Bank of Boston President Eric Rosengren said inflation that has “persistently” stayed below the Fed’s goal is a concern and may suggest policy hasn’t done enough to support growth.
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Federal Reserve Bank of Boston President Eric Rosengren said regional collaboration between cities and government agencies is a “crucial factor” in strengthening the economies of smaller cities.
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Long-term unemployment is one of the most vexing problems the U.S. faces, and today’s jobs report shows all-too-meager progress in fixing it.
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Federal Reserve Bank of Boston President Eric Rosengren said the central bank should press on with its bond-buying stimulus as the unemployment rate remains above its goal and inflation is below its objective.
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Bank of England policy maker David Miles said he doesn’t see evidence of asset price bubbles in the U.K., countering criticism that the country’s central bank is fueling excessive risk-taking.
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Foreclosure notices surged last month in states where courts oversee home seizures, slowing the process and causing prices to lag behind in the U.S. housing recovery, according to RealtyTrac Inc.
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Federal Reserve Bank of Boston President Eric Rosengren said the harm from long-term unemployment warrants a powerful effort by the Fed to boost the labor market.
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Federal Reserve Bank of Boston President Eric Rosengren said he wants to continue the central bank’s bond purchases through year’s end and raise or lower the pace in response to economic data.
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Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on January 25.
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