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Fed's Rosengren: Low Rates Make Fighting Future Recessions Tougher

Boston Fed President Eric Rosengren is crossing the wires, via Reuters, arguing that low rates would make it more difficult for the Fed to fight future recessions.

Key quotes (via Reuters):

  • Low rates pose financial stability concern and put intermediaries and economies at risk
  • Supervisors must factor in greater risk management

Russia's Novak: Russia has no plans to meet U.S. shale oil producers - RIA

According to a recent report by the RIA news agency, Russian Emergy Minister said that Russia has no plans to meet the U.S. shale oil producers to dis
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Canada Wholesale Sales (MoM) registered at 1% above expectations (0.5%) in April

Canada Wholesale Sales (MoM) registered at 1% above expectations (0.5%) in April
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