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Working Paper No. 888

Gender, Socioeconomic Status, and Time Use of Married and Cohabiting Parents during the Great Recession

Using data from the 2003–14 American Time Use Survey (ATUS), this paper examines the relationship between the state unemployment rate and the time that opposite-sex couples with children spend on childcare activities, and how this varies by the socioeconomic status (SES), race, and ethnicity of the mothers and fathers. The time that mothers and fathers […]

Minsky Conference: Fed’s Rosengren Calls For Trimming Balance Sheet Soon but Slowly

Remember Quantitative Easing? It Could Make a Comeback, Says Boston Fed President

The Boston Globe, April 19, 2017. All Rights Reserved. The next recession will likely force the Federal Reserve to once again buy up large amounts of assets to boost the supply of money and stimulate the economy, a move that nearly a decade ago was considered drastic and unconventional, according to Boston Federal Reserve President […]

Fed’s Rosengren Wants to Shrink Balance Sheet So Slowly that Rate Hikes Can Continue at Same Time

MarketWatch, April 19, 2017. All Rights Reserved. The Federal Reserve should start shrinking its balance sheet relatively soon but do it so slowly that it doesn’t disturb the central bank’s plans to continue to gradually raise short-term interest rates, said Boston Fed President Eric Rosengren on Wednesday…. Read more: http://www.marketwatch.com/story/feds-rosengren-wants-to-shrink-balance-sheet-so-slowly-that-rate-hikes-can-continue-2017-04-19

Rosengren: Balance Sheet Will Be Policy Tool Going Forward

The Bond Buyer, April 19, 2017. All Rights Reserved. The Federal Reserve's balance sheet will probably continue to be used as a monetary policy tool in the future, since interest rates remain low, Federal Reserve Bank of Boston President and CEO Eric S. Rosengren said Wednesday…. Read more: https://www.bondbuyer.com/news/rosengren-balance-sheet-will-be-policy-tool-going-forward

Fed Should Shed Bonds Soon, Keep Hiking Rates: Rosengren

CNBC, April 19, 2017. All Rights Reserved. The U.S. Federal Reserve should begin shedding its bond holdings soon but do so in a very gradual way that has little effect on its planned interest rate hikes, Boston Fed President Eric Rosengren said on Wednesday…. Read more: http://www.cnbc.com/2017/04/19/fed-should-shed-bonds-soon-keep-hiking-rates-rosengren.html

Fed’s Rosengren: Balance-sheet Reduction Can Start "Relatively Soon"

Financial Times, April 19, 2018. All Rights Reserved. Eric Rosengren, president of the Boston Fed, has added his voice to the chorus of policymakers who say they are prepared to start the process of unwinding the central bank’s massive balance sheet…. Read more: https://www.ft.com/content/14e638f2-b0d8-347b-9eb5-5eff9d83d497

Fed's Rosengren Calls For Trimming Balance Sheet Soon but Slowly

Bloomberg, April 19, 2017. All Rights Reserved. Federal Reserve Bank of Boston President Eric Rosengren said the central bank should shrink its out-sized balance sheet slowly enough that officials don’t need to alter the path of interest-rate increases…. Read more: https://www.bloomberg.com/news/articles/2017-04-19/fed-s-rosengren-calls-for-trimming-balance-sheet-soon-but-slowly

Fed Should Shed Bonds Soon, Keep Hiking Rates: Rosengren

Reuters, April 19, 2017. All Rights Reserved. The U.S. Federal Reserve should begin shedding its bond holdings soon but do so in a very gradual way that has little effect on its planned interest rate hikes, Boston Fed President Eric Rosengren said on Wednesday…. Read more: http://www.reuters.com/article/us-usa-fed-rosengren-idUSKBN17L276

Boston Fed President Rosengren: Balance Sheet Reduction Should Begin 'Soon'

The Street, April 19, 2017. All Rights Reserved. Boston Fed President Eric Rosengren today said that he is prepared to begin the process of reducing the Federal Reserve's vast balance sheet, according to the Financial Times.  "In my view that process could begin relatively soon, and should not significantly alter the (Federal Open Market Committee's) continuing […]

Stocks Mostly Higher, but Dow Dragged Down by IBM

Fox Business, April 19, 2017. All Rights Reserved. Economic news: Boston Federal Reserve President Eric Rosengren said at Bard College's Levy Economics Institute that he would like the Fed to start shrinking the balance sheet but at such a gradual rate (http://www.marketwatch.com/story/feds-rosengren-wants-to-shrink-balance-sheet-so-slowly-that-rate-hikes-can-continue-2017-04-19) that it doesn't disrupt the central bank's raising of interest rates. Read more: […]

FDIC's Hoenig Warns Against Scrapping a US Bankruptcy Reform

Reuters, April 19, 2017. All Rights Reserved. A top U.S. financial regulator on Wednesday warned against scrapping, as some American lawmakers urge, the "Title II" part of the 2010 Dodd-Frank legislation that created an alternative insolvency process for large firms, saying further reforms would be needed to protect the economy…. Read more: http://www.reuters.com/article/us-usa-banks-hoenig-idUSKBN17L1TO