Central Banks


Comments by Dallas Fed president Robert Kaplan as he speaks to Bloomberg TV

  • Expecting some moderation of growth

We’re also hearing from Cleveland Fed president Loretta Mester as she speaks to CNBC:

  • Markets are orderly and functioning
  • There is no need to panic
  • There are risks out there that are being reassessed
  • This is a natural thing going on in financial markets
  • Says that recent market volatility hasn’t changed her outlook
  • Says her long-run Fed funds rate is 3%
  • Long-run growth rate for US economy is about 2%

ForexLive

Do be reminded that Mester is a hawk on the board and she is also a voting member this year. Doesn’t seem like the recent correction in equities is enough to warrant panic at the Fed just yet.



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