Central Banks

 Loretta Mester is President of the Federal Reserve Bank of Cleveland and is toward the more hawkish end of the FOMC spectrum

  • Says she doesn’t expect inflation to pick up sharply
  • Inflation will reach Fed’s symmetric goal of 2 percent on sustainable basis over next one to two years
  •  US economy is slightly beyond level of full employment
  • Says uncertainty over US trade policy could cause firms to alter spending plans in the near term
  • Says impact of US tax cuts and government spending on economy still uncertain
  • Says her estimate of the longer-run nominal fed funds rate is 3 percent
  • Says now is the time for fed to assess whether it needs to make changes to its monetary policy framework

(ps. headlines via Reuters)

Unsurprising remarks from Mester. Covering the hot topics of inflation, employment, tax cuts, fiscal stimulus. Not too many specific clues on timings of policy moves though. There is a Q&A still to come. Stay tuned.  

Source link

Articles You May Like

EUR/USD struggles for a move higher as familiar resistance level limits upside
Next week its the BOJ monetary policy meeting
Fibonacci Trading System – Identify Profitable Forex Trade Patterns Using Fibonacci Forex Tool
Brexit reality brings sterling back down to earth
Online Foreign Exchange Courses | Best 15 Free & Paid Forex Trading Course For Beginners By Tani

Leave a Reply

Your email address will not be published. Required fields are marked *