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.
