Boston Fed chief: ‘Very slow improvement’ ahead

This isn’t exactly good: Boston Federal Reserve president Eric Rosengren acknowledges the economic recovery has been very weak and he only sees “verly slow improvement” moving forward.

The good news for home buyers and sellers alike: Rosengren indicated the Fed will keep interest rates down to help the economy. That should help a little. Then again, they’ve been pursuing the same policy for nearly three years now.