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Boston Fed chief warns against complacency

By Erin Ailworth

 |  Globe Staff  

  March 28, 2012

The nation’s economic recovery is moving forward, but not so fast that the Federal Reserve should abandon policies aimed at stimulating growth, Eric S. Rosengren, president of the Federal Reserve Bank of Boston, said in a speech in London Tuesday. Rosengren cited several positive economic signs, including strong stock market performances, a falling unemployment rate, and job gains, Still, he said consumer spending remains subdued and the housing market weak, while government spending cuts, and the European debt crisis continue to hurt.

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