• Cleveland Fed president Mester: If U.S. economy behaves as expected it is unlikely Fed will need to make changes to its asset purchases this year - Reuters

Market news

5 January 2021

Cleveland Fed president Mester: If U.S. economy behaves as expected it is unlikely Fed will need to make changes to its asset purchases this year - Reuters

  • Expects U.S. economy to slow down in H1 2021
  • If vaccinations roll out, a pickup in growth is expected in H2 2021
  • If things work out way I hoped that they worked out, I would like us to be able to taper asset purchases next year
  • Says she is happy with the way policy is calibrated right now

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