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Fed's Rosengren says large fiscal package appropriate, hopes for full employment within 2 years

·1 min read

Feb 19 (Reuters) - The $1.9 trillion fiscal relief packagelawmakers are considering is appropriately large given thepandemic's effects on the labor market and policymakers willhave time to pull back support as the economy approaches fullemployment, Boston Federal Reserve Bank President Eric Rosengrensaid on Friday.

"It is a big fiscal package that is being considered rightnow - I think it’s appropriately big," Rosengren said in aninterview with Reuters. "I am much less concerned than somecommentators about it being a problem of overheating theeconomy."

Rosengren said he is hopeful the recovery will be strongenough for the labor market to return to full employment withintwo years, though he said the pace will depend on what happenswith new variants of the virus and the distribution of vaccines.(Reporting by Jonnelle MarteEditing by Chizu Nomiyama)