- Cleveland Fed president Mester sees second phase of monetary policy to support recovery
Market news
29 tháng 5 2020
Cleveland Fed president Mester sees second phase of monetary policy to support recovery
- Says that China trade tension is another source of uncertainty
- No decisions taken on yield-curve control
- Yield curve control is a discussion for a future phase
- Recovery could be slow, hard to imagine it as V-shaped as consumers remain cautious
- Q2 numbers are going to be negative but we'll see activity begin to emerge in Q3 and Q4
- Sees policy support via forward guidance and asset-buying
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