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Fed's Mester says current risk to economy weighted to downside
Fed's Mester says current risk to economy weighted to downside $DXY
— DailyFX Team Live (@DailyFXTeam) August 16, 2019
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Cleveland Fed President Mester: Economic Risks Are Weighted To The Downside
— LiveSquawk (@LiveSquawk) August 16, 2019
-Needs To Take Time To Assess Economic Conditions And Then Move Policy As Appropriate
-US Economy Likely To Grow Around Trend, With Inflation Rising To Fed Target, But There Are Risks
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Cleveland Fed President Mester: I Would Have Preferred To Have Held Rates Constant In July But It Was A Close Call
— LiveSquawk (@LiveSquawk) August 16, 2019
-Salient Question Is Whether To Cut Rates Or Keep Them Steady
-Can See Scenarios Where Rates Are Steady Or Moved Lower
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Fed's Mester weighing argument for U.S. rate cut
One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy. “I could see scenarios where we hold rates steady. I could see scenarios where we move the rate down. I think we just have to take the time to really evaluate,” the state of the economy, Cleveland Fed President Loretta Mester told Reuters in her first public remarks since the Fed last month lowered borrowing costs for the first time since 2008. Mester said she still forecasts the U.S. economy to grow in line ... (full story)