June 25 (Reuters) – A buildup of monetary stability dangers linked to a low rate of interest surroundings might result in one other downturn that interrupts the labor market restoration and impedes a return to most employment, Boston Federal Reserve Financial institution President Eric Rosengren stated on Friday.
Policymakers want to watch quickly rising dwelling costs, the rising use of stablecoins and reform cash market funds to attenuate the dangers of a monetary disaster down the road, Rosengren stated throughout a digital occasion organized by the Philadelphia Fed and the Official Financial and Monetary Establishments Discussion board.
Reporting by Jonnelle Marte
Enhancing by Chris Reese
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