Arab Today, arab today fed officialdata calls for action
Last Updated : GMT 21:12:14
Arab Today, arab today
Arab Today, arab today

Fed official:data calls for action

Arab Today, arab today

Arab Today, arab today Fed official:data calls for action

Boston - UPi

A senior Federal Reserve official said recent employment data has buttressed his opinion that the Fed must act to accelerate U.S. economic growth. Eric S. Rosengren, president of the Federal Reserve Bank of Boston, said Monday the Fed should expand its holdings of mortgage bonds and Treasury securities and that purchases should continue until the Fed is assured that the economy is healthy, The New York Times reported. \"You continue to do it until it\'s clear that you\'re no longer treading water,\" Rosengren told the Times. \"You continue to do it until you have documented evidence that you\'re getting growth in income and the unemployment rate consistent with your economic goals.\" The government last week reported payrolls rose by 163,000 in July, more than analysts had predicted. Rosengren noted several indicators, including the unemployment rate and the percentage of the population in the work force, returned to levels seen at the beginning of the year. \"For the last seven months we\'ve been treading water. That\'s different from what we expected at the beginning of the year,\" he said. \"I think it\'s time to swim to shore.\" Rosengren said he\'s frustrated by colleagues who oppose new action. He said even officials who are skeptical about the Fed\'s ability to promote job growth should support new action to push the current pace of inflation rate of about 1.8 percent to the 2 percent level, the level the Fed considers most healthy. \"The one thing I think all economists agree on is that the Fed should be able to have an impact on inflation,\" he told the Times. \"We\'re missing on the inflation target. I think all economists would agree that we should take action to get back to the inflation target.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fed officialdata calls for action Arab Today, arab today fed officialdata calls for action

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday