Fed's Rosengren warns against exceeding full employment
Boston Fed president says it could lead to “rapid removal” of monetary policy accommodation
Significantly overshooting full employment would be a mistake, the Federal Reserve Bank of Boston president Eric Rosengren said on April 18 – and he would prefer the Fed not risk making it.
The unemployment rate is at 5% in the US, and Rosengren expects it will "continue to drift down". He estimates a rate of 4.7% would constitute full employment.
Rosengren told an audience at Central Connecticut State University it was "quite appropriate to probe how low unemployment can go", but warned of the
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