Fed's Rosengren: Appropriate to consider how to avoid hitting zero with short-term interest rates

Boston Fed President Eric Rosengren has recently delivered his prepared remarks for a speech at the Peterson Institute for International Economics in Washington, providing key quotes, via Reuters, found below.

• Best policy path to sustain economic expansion is one where economy does not overshoot sustainable unemployment rate.
• It is appropriate to consider how to avoid hitting zero with short-term interest rates.
• Repeats call for having an inflation range target rather than a specific number; fed should consider such a change.
• Repeats call for countercyclical capital buffer for banks.
• Federal, state and local governments should shore up finances now to reduce impact of next recession.