Low interest rates raise issues about financial stability and policymakers must take heed, Federal Reserve Bank of Boston President Eric Rosengren said Tuesday.
“I believe monetary policymakers must factor in financial stability concerns,” Rosengren said in a speech in Amsterdam, according to materials released by the Fed.
“Financial intermediaries will need to factor in the possibility of lower rates, particularly during economic downturns, and flatter yield curves,” he said.
Low rates “have implications for monetary policy responsiveness to negative shocks,” he said.
The "impressive" investor appetite for tax-exempts has been "holding steady all quarter despite expensive valuations, supply surges and periods of low reinvestment demand," said GW&K Investment Management strategists in a report.
As space becomes an increasingly important frontier for development and competition, spaceports should enjoy the same financial benefits as airports and seaports, say supporters of the federal legislation.
The governor should have involved the legislature earlier in decision making on how to give the Water and Power Authority money to make a bond payment, lawmakers said.