Fed’s Rosengren Calls for QE3 Until Unemployment Falls to 7.25%

Fed’s Rosengren Calls for QE3 Until Unemployment Falls to 7.25%

Brendan Hoffman/Bloomberg News

Eric Rosengren, president of the Federal Reserve Bank of Boston, has been among the most outspoken advocates of additional monetary stimulus this year, calling for an open-ended quantitative easing program and arguing that the central bank should extend its Operation Twist program.