Rosengren Says Pre-Pandemic Low Rates Worsened Current Downturn

Laveta Brigham

Eric Rosengren Photographer: Andrew Harrer/Bloomberg Photographer: Andrew Harrer/Bloomberg Federal Reserve Bank of Boston President Eric Rosengren said the long period of low interest rates before the coronavirus pandemic is contributing to the depth of the current recession. “The slow build-up of risk in the low-interest-rate environment that preceded the current […]