- Cleveland Fed president Mester: There's a possibility that growth is slowing more than the Fed expects
Market news
3 July 2019
Cleveland Fed president Mester: There's a possibility that growth is slowing more than the Fed expects
- Says Fed funds rate are about at neutral right now
- Fed doesn't discount markets but looks at many factors
- Says would like to see more inflation expectation data before reaching conclusions
- The most likely outcome is that inflation moves back to 2%
- Trying to assess how much growth is slowing
- Fed is not in a position to give policy advice to the U.S. president Trump
- No reason to think that Trump's nominees will make the Fed more political
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