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Federal Reserve Bank of Boston
Labor market slack and monetary policy
Eric S. Rosengren

In a speech to the Boston Economic Club, Federal Reserve Bank of Boston President Eric Rosengren called for a "patient approach" to removing the Fed's accommodative monetary policy, given the high numbers of U.S. workers who want full-time work but are currently working part time. He also cited the still-high unemployment rate, and the very low inflation rate.

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Eric S. Rosengren, Labor market slack and monetary policy, Federal Reserve Bank of Boston, Speech 82, 26 Feb 2014.
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Note: Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Boston Economic Club, Boston, Massachusetts, February 26, 2014.
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