Fed’s Mester: Neutral interest rate is 3%

Market news

19 February 2019

Fed’s Mester: Neutral interest rate is 3%

Mester answered questions from the audience and media after her speech in Delaware.

Comfortable slowing or ending balance sheet roll-off in 2019
If she was making decisions on her own, she would favor slowing reinvestment of the Fed's maturing securities
Fed would want to communicate balance sheet plans well in advance
Flexible inflation target "works well"

European stocks closed: FTSE 100 -40.30 7179.17 -0.56% DAX +10.01 11309.21 +0.09% CAC 40 -8.02 5160.52 -0.16%

U.S. homebuilder confidence improves more than expected in February

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