FILE PHOTO: The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks during the"Hyman P. Minsky Conference on the State of the U.S. and World Economies," in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo
“It is a bigger risk to encourage people to take on too much more risk at this time,” he said in an interview broadcast on Bloomberg Television, adding that doing so could worsen the next downturn and leave the Fed with little ammunition to encourage additional spending when it is needed. Rosengren was one of two dissenting votes at the U.S. central bank on its decision last month to cut borrowing costs for the first time since 2008. Now, he said, he does not currently see a need for any further action.
Please don't let the bankruptcy king tell you what to do!
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