Boston Federal Reserve head Eric Rosengren urges his colleagues in Washington to ignore political pressure and take steps to jumpstart the economy. “We don’t get to pick the timing of a global slowdown,” Rosengren said, according to the Boston Globe. “If there’s a slowdown and you have an independent central bank, the appropriate response is to act. I think that’s exactly what we should do.”
Boston Fed Chief: Time For More Action
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August 7, 2012 3:04 a.m.
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