Boston Fed Chief: Growth Will Continue on Slow Track

Full and original article posted on Worcester Business Journal

The head of the Federal Reserve Bank of Boston says economic growth over the next year will continue, although at a less-than-robust pace for the rest of the year.

Eric Rosengren, speaking Wednesday before the annual meeting of The Research Bureau at Worcester’s DCU Center, said that despite 11 consecutive quarters of growth in the nation’s economic output, or gross domestic product (GDP), and a drop in unemployment from 10 percent to 8.1 percent, “the economic recovery and the improvement in the unemployment rate continue to be frustratingly slow,” he said in prepared remarks before he addressed the afternoon gathering of about 300.

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