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  • Cleveland Fed president Mester sees second phase of monetary policy to support recovery
Market News
29.05.2020, 13:41

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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