Fed's Mester: outsized reaction to french election could have affected U.S economy in short run

Market news

8 May 2017

Fed's Mester: outsized reaction to french election could have affected U.S economy in short run

Election of Macron in France more positive for integration of Europe
French presidential election alleviates some concerns

Weak recent gdp, inflation data likely transitory

Bullard says low growth in labor force and worker productivity, and high demand for safe assets, to continue to anchor rates at low level

U.S. interest rates futures hold at session lows after Fed's labor market conditions index in April

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