- Fed's Mester: Fed is not far behind or ahead of curve and can gather information on economy before adjusting rate policy
Market news
19 February 2019
Fed's Mester: Fed is not far behind or ahead of curve and can gather information on economy before adjusting rate policy
- A most likely scenario is economic growth will slow this year, job growth will slow, inflation will stay near 2%
- Fed funds rate may need to move "a bit higher" if the economy performs as she expects
- Reduction in the balance sheet is likely putting upward pressure on longer-term interest rates
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