Rosengren Says Fed Shouldn’t Be in a Hurry to Raise Rates

Federal Reserve officials shouldn’t be in a hurry to unwind monetary stimulus because elevated slack in the U.S. job market is keeping inflation below the Fed’s target, said Boston Fed President Eric Rosengren. “Significant excess capacity remains in labor markets,” Rosengren said today in a spee…

Read the original:
Rosengren Says Fed Shouldn’t Be in a Hurry to Raise Rates