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FILE PHOTO: The Federal Reserve Bank of Boston s President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford
(Reuters) - The $1.9 trillion fiscal relief package lawmakers are considering is appropriately large given the pandemic’s effects on the labor market and policymakers will have time to pull back support as the economy approaches full employment, Boston Federal Reserve Bank President Eric Rosengren said on Friday.
“It is a big fiscal package that is being considered right now - I think it’s appropriately big,” Rosengren said in an interview with Reuters. “I am much less concerned than some commentators about it being a problem of overheating the economy.”
Fed s Rosengren says large fiscal package appropriate, hopes for full employment within 2 years
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Fed s Rosengren says large fiscal package appropriate, hopes for full employment within two years
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Fed s Rosengren says affordable child care pivotal to labor market recovery
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