Too soon to talk about Fed exit strategy - Rosengren

NEW YORK Wed Jan 16, 2013 8:06am EST

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NEW YORK Jan 16 (Reuters) - Eric Rosengren, the head of the Federal Reserve Bank of Boston, said it was too soon to be talking about any plans for the U.S. central bank to end its stimulus for the U.S. economy.

"I think it's premature to be talking about exit," Rosengren said in an interview with Bloomberg Television on Wednesday.

"We need to get the economy to grow more quickly right now. We need the unemployment rate to come down."

Rosengren is considered one of the Fed's most "dovish" members. Other top Fed officials have said the central bank might need to stop or slow its bond-buying program well before the end of this year.

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Comments (2)
Curly wrote:
The Feds have been stimulation the economy for the last 5 years. If it hasn’t worked up to this point them maybe they are using the wrong stimulation.

Jan 16, 2013 9:09am EST  --  Report as abuse
beancube2101 wrote:
All tycoons are ready for another crisis bubbles after this election. They see that Americans are wimpy about Congress’ ritual crisis creation and Senate’s railing the government away from taxing income above $250K to $400K that the Congress can use it as crisis every year.

Jan 16, 2013 9:12am EST  --  Report as abuse
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