Cleveland Fed President Mester: We might need to recalibrate policy if uncertainty continues

Noticias del mercado

23 agosto 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

U.S. Stocks open: Dow -0.54%, Nasdaq -0.61% S&P -0.52%

Before the bell: S&P futures -0.44%, NASDAQ futures -0.63%

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