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The Boston Globe

Business

Boston Fed chief says economy still needs work

It’s not a traditional economic indicator, but there is one clear sign that the economy is on the mend: Eric Rosengren, president of the Federal Reserve Bank of Boston, recently took a week off to travel with his wife to Tuscany.

Vacations have been a rarity since Rosengren took the helm at the Boston Fed in the summer of 2007, not long before the worst recession since the Great Depression steamrolled the US economy, roiling the banking system, devastating the housing market, and leaving millions of Americans jobless.

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