... In State of the City, Walsh lays claim to Boston as the "leader of cities" ...... Former Ohio Gov. Kasich to speak at Amherst College Feb. 7 ...... Warren hosting presidential bid event Friday night in Claremont, N.H. ...... New Bedford charter school expansion accord poised to put charters back before Legislature ...... Baker appoints North Andover Town Manager Andrew Maylor as the new state comptroller ...... MTA reports collecting 15,000 signatures for education funding bill since November ...... Airbnb announces program to support federal employee hosts in Massachusetts during government shutdown ...... Common Cause hosting third annual Anti-Gerrymandering Conference this weekend in North Carolina ...... MassEcon adds Marlborough, Waltham, and Revere sites to its ReadyMass 100 portfolio of business expansion sites ...... Citizens Bank touts $150 mil construction loan for major lab building, garage in Cambridge ...... MassDevelopment issues loan to Nano-C, developer of nanostructured carbon for use in electronics and energy ...... Walsh says he's taking a bipartisan "road trip" to Washington with Gov. Baker ...... ...... ...
Latest Headlines:
House:
ADJOURNED 'til Thursday at 11 a.m. (informal)
Senate:
ADJOURNED 'til Thursday at 11 a.m. (no calendar)

ON ECONOMY, BOSTON FED PRESIDENT LEANING CLOSER TO OPTIMISTS

By Colin A. Young
STATE HOUSE NEWS SERVICE

STATE HOUSE, BOSTON, JAN. 9, 2019.....The head of the Federal Reserve Bank of Boston on Wednesday advocated for the nation's central bank to be patient and wait out some of the recent volatility in the markets before charting a new course on monetary policy.

Speaking to the Boston Economic Club to give his annual economic outlook, Boston Fed President and CEO Eric Rosengren said it is critical to determine whether recent financial market sentiment -- the Dow Jones Industrial Average declined 12.5 percent from October to December -- is too pessimistic, too optimistic or about right. At the same time, economic forecasts are predicting growth "somewhat above potential," he said.

"My own assessment is closer to the relative optimism of many economic forecasters than it is to the more pessimistic outlook suggested by recent declines in financial markets," Rosengren said, according to his prepared remarks.


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