Will This Help? "Fed's Rosengren blasts US government spending cuts"

Commentary by Roger Erickson

He's still talking like a Deficit Dove, but even that helps for the moment.

Increased spending cuts and tax increases in the United States have weakened the country’s outlook for near-term economic growth, and heightened the risk that inflation expectations could fall and real interest rates could rise, according to Boston Federal Reserve chief executive Eric Rosengren.

“A long-term sustainable solution for fiscal balance is absolutely in the country’s interest. But timing is an issue, ...”

When will financial people catch on that "fiscal balance" - i.e., balanced fiat - is a meaningless phrase in real fiscal operations?  The whole purpose of fiscal operations is to balance conditions risking national growth with those risking national contraction.