Speaking in Worcester, Boston Fed Reserve chief backs more stimulus

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WORCESTER —  The leader of the Federal Reserve Bank of Boston said today he favors continued efforts from the U.S. central bank to stimulate the economy and bring down unemployment.

The United States is facing modest economic growth of 2 percent to 2.5 percent, an unemployment rate of 8.1 percent, economic uncertainty from Europe and inflation at the central bank’s target rate of 2 percent as it continues to recover from recession, Eric S. Rosengren said during a speech at the Research Bureau’s annual meeting at the DCU Center.

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