February 26, 2014 / 6:35 PM / 4 years ago

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.

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