Official defends Fed action on crisis
In the face of criticism by Republican presidential candidates, and Occupy Boston protests at the front door, Boston Federal Reserve Bank president Eric S. Rosengren defended the actions of the Federal Reserve since the financial crisis and said the central bank can take additional steps to help the nation’s economy. Rosengren told the Boston Economic Club that additional measures to lower interest rates could spur car and home purchases and foreign trade, but are not likely to increase inflation.
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