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

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