Boston Fed President Says Economy "Consistently Weak," Accomodations Still Needed

In comments that may make QE3 more certain, Boston Fed President Eric Rosengren said that the economy has been "consistently weak" for the past two years, despite experiencing periods of strong growth. Rosengren becomes a voting member in 2012, and said the June jobs report was "dismal" and the Federal Reserve will continue to provide accommodation for the economy.