Fed’s Mester Says Fed Policy Set at an Appropriate Level for Year Ahead

Federal Reserve Bank of Cleveland President Loretta Mester stated Tuesday the economic system will proceed to wish robust authorities assist this 12 months, whereas suggesting she believes financial coverage is at present set at an applicable stage to cope with how she expects the economic system to develop.

“A slowdown in the economy in the first part of the year along the lines I am expecting wouldn’t require a change in monetary policy so long as the medium-run outlook remains intact,” Ms. Mester stated within the textual content of a speech. “Nor would the strengthening…

Source link
#Feds #Mester #Fed #Policy #Set #Level #Year #Ahead

Leave a Reply

Your email address will not be published. Required fields are marked *