Cleveland Fed's Mester: recent market volatility "far away" from having any influence on economic outlook

Market news

13 February 2018

Cleveland Fed's Mester: recent market volatility "far away" from having any influence on economic outlook

Economy to continue growing above trend for now, with inflation gradually rising to Fed's two pct goal
Supports rate rises at pace similar to last year, but will watch impact of tax and other fiscal policy changes
U.S. will "work through" recent market turbulence without causing larger problems

IEA says U.S. oil output will soon overtake Saudi Arabia’s; by year-end may top Russia’s

Mester: recent tax changes could add .25 to .5 percentage points to economic growth for next year or two, but longer-run impact on investment and hiring uncertain

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