Fed Needs Wider QE Mandate to Deal With Economic Downturns: Rosengren
The central bank has begun to grapple with what measures it would use if the outbreak of the flu-like illness worsens in the United States and causes a severe economic downturn. “We should allow the central bank to purchase a broader range of securities or assets,” Rosengren said in prepared remarks to the Shadow Open Market Committee economics …
News story posted on 2020-03-06T19:20:00.0000000Z
