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Labor market slack and monetary policy

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  • Eric Rosengren

Abstract

In a speech to the Boston Economic Club, Federal Reserve Bank of Boston President Eric Rosengren called for a \"patient approach\" to removing the Fed's accommodative monetary policy, given the high numbers of U.S. workers who want full-time work but are currently working part time. He also cited the still-high unemployment rate, and the very low inflation rate.

Suggested Citation

  • Eric Rosengren, 2014. "Labor market slack and monetary policy," Speech 82, Federal Reserve Bank of Boston.
    • Handle: RePEc:fip:fedbsp:82
    Note: Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Boston Economic Club, Boston, Massachusetts, February 26, 2014.
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    Cited by:

    1. John Komlos, 2019. "The Real U.S. Unemployment Rate Is Twice the Official Rate, and the Phillips Curve," CESifo Working Paper Series 7859, CESifo.
    2. John Komlos, 2019. "Estimating Labor Market Slack, U.S. 1994-2019," CESifo Working Paper Series 7941, CESifo.

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