Fed’s Mester: Stronger banks can help mitigate downside in future recession

Market news

13 February 2019

Fed’s Mester: Stronger banks can help mitigate downside in future recession

Fed would use its tools to address economic downturn
U.S. probably a little bit beyond full employment
Wages are rising across all employee skill levels
Growing wages are positive in a fairly low inflation environment

Fed’s Bostic: My view has not changed very much on how monetary policy should operate

U.S. Stocks open: Dow +0.43%, Nasdaq +0.33%, S&P +0.35%

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