Fed’s Rosengren Says Unconventional Monetary Policy Is Effective

Unconventional monetary policy tools are helpful in restoring growth to the economy, said Eric Rosengren, president of the Federal Reserve Bank of Boston.

Though there are signs the U.S. housing market continues to face headwinds, it is past the worst and is even picking up, Rosengren said at a meeting of the Institute of International Finance in Copenhagen today. Monetary policy should look to the housing market, he said.

To contact the reporter on this story: Rebecca Christie in Brussels at rchristie4@bloomberg.net

To contact the editor responsible for this story: Tasneem Brogger at tbrogger@bloomberg.net

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