Weighing inflation and the labor market, Fed debates when to scale back support for the markets

“We’ve had two months in a row where we’ve created more than 900,000 jobs and the unemployment rate dropped by half a percent to 5.4 percent,” Boston Federal Reserve Bank President Eric Rosengren told CNBC on Monday. “If we get another strong labor market report, I think that I would be supportive of announcing in September that we are ready to start the taper program.”