| by Binyamin Appelbaum

Federal Reserve Bank of Boston President Eric Rosengren ’79, P’12 and the New York Times engaged in a Q and A on the danger of low unemployment, currently at five percent. In the interview published Oct. 17, Rosengren discusses his concern that there may not be enough unemployment, because when rates have “gotten to the low 4s, we haven’t stayed there for a real long time,” he said. “And that’s because we do start seeing wages picking up, and we do see prices start picking up, and we do see asset prices picking up. In that environment we start to tighten and when we tighten we’re not so good at getting it exactly right,” he said.