Eric Rosengren, president of the Federal Reserve Bank of Boston, spoke with Yahoo Finance to discuss fears over a second wave of the novel coronavirus and the Fed’s new approach to inflation.
Below is a transcript of his appearance on September 24:
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ALEXIS CHRISTOFOROUS: This morning’s disappointing jobless claims numbers will certainly be on the minds of Fed leaders today. Chair Jerome Powell is due back on Capitol Hill this morning and our Fd correspondent Brian Cheung is here now with the president of the Boston Fed, Eric Rosengren. Hi Brian.
BRIAN CHEUNG: Good morning Alexis, Good morning President Rosengren. How are you?
ERIC ROSENGREN: Good morning, Brian. Good to be with you.
BRIAN CHEUNG: So I want to chat a little bit about the jobless claims numbers that did come out this morning as Alexis was alluding to. We’re past six months into this pandemic, still over