Fed official says economy is recovering, but rates will stay low

05/6/2010 | CNBC

Eric Rosengren, president of the Federal Reserve Bank of Boston, said although the economic recovery is continuing, it remains vulnerable and interest rates will therefore remain low. Rosengren said he agrees with predictions that disinflation is likely. "With inflation expectations stable, core [personal consumption expenditure] inflation rates declining and significant excess capacity in the economy, accommodative monetary policy remains appropriate," he said.

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