Fed’s Rosengren: Scope to increase QE if jobs don’t improve
- Sees scope to enlarge QE if no jobless progress
- Asset purchases could continue in 2014 if employment progress is slow, as he envisions
- If econ grows at stronger rate, Fed could halt asset buys 6-9 months before unemployment drops to 6.5%
- Sees ‘difficulty to strategize’ on Fed response
I think the final comment addresses the difficulty of coordinating communication.