“Most of my colleagues had an assumption that there was going to be additional fiscal stimulus. I had a somewhat different assumption,” Rosengren said in response to a question following an online presentation hosted by Marquette University. “I assumed no fiscal stimulus until the beginning of next year. As a result my forecast was much weaker than many of my colleagues.”
Rosengren said his weaker outlook was also influenced by concerns about the build-up of excessive leverage and its potentially destabilizing effect, which had been the focus of his prepared remarks.
Source: Economy - investing.com
