- Cleveland Fed President Mester: We might need to recalibrate policy if uncertainty continues
Market news
23 August 2019
Cleveland Fed President Mester: We might need to recalibrate policy if uncertainty continues
- Businesses are concerned about tariffs
- I would like to wait and see to how firms are reacting to consumer tariffs before reacting
- I think inflation is in a pretty good spot, we're clearly below our mandate but we've been stable
- Cyclical prices have been moving up, I'm more confident that prices are moving towards our goal. Patience is called for
- There is a lot about inflation dynamics that we need to learn about
- Business contacts are wondering if we're talking ourselves into recession
- There's a difference between sentiment and the reality on the ground
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