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Federal Reserve Bank of Boston
Speech
Observations on financial stability concerns for monetary policymakers: remarks at the Shanghai Advanced Institute of Science, Beijing, China, August 31, 2016
Eric S. Rosengren
Abstract

Speaking at a conference in Beijing, Boston Fed President Eric Rosengren said it has been appropriate to be patient about normalizing interest rates, given that growth “has continued to underwhelm.” But the Fed’s mandated goals – stable prices and maximum sustainable employment – are likely to be achieved relatively soon, and “keeping interest rates low for a long time is not without risks.”


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Eric S. Rosengren, Observations on financial stability concerns for monetary policymakers: remarks at the Shanghai Advanced Institute of Science, Beijing, China, August 31, 2016, Federal Reserve Bank of Boston, Speech 109, 31 Aug 2016.
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