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| Title: Fed's Rosengren: Deflation more concern than inflation |
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"Between inflation and deflation, my concerns are currently more weighted toward deflation," Rosengren said in response to audience questions after giving a speech to the Worcester Economic Club. He added that the size of the Fed's balance sheet -- which has more than doubled in the financial crisis -- was "not a situation we want to be in, it's a situation we need to be in" given the severity of the crisis. Answering a separate question, Rosengren said that due to the global nature of the crisis "in the short-run it will be hard to have export-led growth." Rosengren is not a voter in 2009 on the Federal Open Market Committee, the Fed's policy-setting panel. (Reporting by Kristina Cooke; Editing by Leslie Adler) Full article |
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