Fed's Rosengren: no big issue with prices in financial markets

BOSTON Wed Feb 26, 2014 1:34pm EST

BOSTON Feb 26 (Reuters) - A top Federal Reserve official on Wednesday said he is more concerned about high U.S. unemployment and other signs of a weak labor market than about high asset prices.

"When I look at the balance of evidence right now, I don't see a great deal of issue with the pricing in most financial markets, and I still see some signficiant problems in labor markets," Boston Federal Reserve Bank President Eric Rosengren said after a speech here.

The Fed should be looking at a broader set of measures than just the main U.S. unemployment rate when it tries to assess the health of the labor market, he said.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.