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The Boston Globe

Business

Rosengren sees more need for Fed stimulus

The US economy will continue to improve over the next year, but at a “painfully slow pace” that will make only a modest dent in unemployment, Eric S. Rosengren, president of the Federal Reserve Bank of Boston, said Wednesday.

Rosengren, speaking to a business group in Manchester, N.H., said he expects the national unemployment rate, at 7.7 percent in February, to decrease to just above 7.5 percent by the end of the year. It should decline further to slightly above 6.6 percent by the end of next year, he said.

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