Market rout didn't force US rate cut — but it was noted, Fed's Mester says

From cnbc.com Watch this video at https://www.forexfactory.com/news/984310-market-rout-didnt-force-us-rate-cut.

The U.S. Federal Reserve’s emergency 50 basis point rate cut on Tuesday was not driven by last week’s market capitulation, but it was taken into account, Cleveland Federal Reserve President Loretta Mester told CNBC. Speaking to CNBC’s “Squawk Box Europe” on Wednesday, Mester revealed that she supported the cut on the basis of fresh uncertainty over the medium-term outlook for the U.S. economy. “The risks around that outlook had gone up significantly. There’s still a lot of uncertainty about the course of ...