Fed's Rosengren: no big issue with prices in financial markets
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.
- Six killed, including four children, in Houston-area shooting
- Israel pursues punishing Gaza offensive for a third day |
- Exclusive: Iraq tells U.N. that 'terrorist groups' seized nuclear materials
- Anger mounts as Germany unearths second U.S. spy suspect
- Chinese hackers pursue key data on U.S. workers: NYT