2011 Economic Calendar
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Released On 7/13/2011 9:10:00 AM For 7/13/2011 9:10:00 AM

Eric Rosengren to speak on the economic outlook in MA Worcester

Boston Fed President Eric Rosengren, speaking on the economy, sees "significant risks" to the outlook and describes the recovery as slower than expected. He sees fiscal austerity abroad slowing down not just overseas economies but also damping growth in the U.S. As a result of this and other factors, the Boston Fed president states that monetary policy must remain accommodative. Nonetheless, Rosengren expects a modest rebound in the U.S. with second half growth in the 3.0 to 3.5 percent range.

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