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Fed's Rosengren: 'Treading Water' on Jobs & the Economy

8:31 AM ET Tue, 7 Aug 2012

"We're only just trending water in the labor market," says Eric Rosengren, Boston Fed President, commenting on the outlook on employment and discussing why he thinks the Fed needs "an open-ended" policy on quantitative easing and expand its portfolio of mortgage bonds and U.S. Treasuries, with CNBC's Steve Liesman.