Fed's Rosengren: Probably Premature to Talk About Tapering

The transcript discusses the Federal Reserve's goals of employment and inflation, highlighting the potential for tapering in the second half of the year. It emphasizes the need for substantial improvement in labor markets and inflation, with a focus on outcomes rather than forecasts. The strong housing market and its impact on tapering decisions are also discussed, along with concerns about financial stability and the need for structural changes in financial markets. The importance of monitoring financial stability risks and the role of monetary policy in addressing these concerns are highlighted.

What are the key factors that the Fed is monitoring to determine when to taper?

What is the significance of the GDP and employment reports mentioned in the text?

What are the implications of a strong economic recovery for the Fed's monetary policy?

How does the current unemployment rate impact the Fed's decision-making process?

In what ways has the housing market changed since the pandemic, according to the speaker?

How does the speaker suggest the Fed should approach tapering of asset purchases?

What concerns does the speaker express regarding financial stability?