Rosengren (Fed): "Less economy, more QE!"

October 20, 2011

Chairman of the Federal Reserve of Boston, Eric Rosengren says it like it is .. right at the Fed: "If the economy cools further, it seems more appropriate monetary easing."

It aims at inflation rates of 2.5 to 3 percent inflation, with unemployment in the U.S. have fallen to 7 percent. After this there is only room to the loose monetary policy to weaken. Currently there are too many downside risks.