Boston Fed President Eric Rosengren: We're in a "far better place" than at the beginning of 2009...

|By:, SA News Editor
Boston Fed President Eric Rosengren: We're in a "far better place" than at the beginning of 2009 - due to "bold and creative" actions by the Fed, but the central bank didn't accurately foresee and prevent all the problems: "We are partly responsible for the fact that we are coming out of a 'great recession.' " The Fed is learning from mistakes. He advises against curtailing Fed's supervisory and lender-of-last-resort roles.