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- Fed’s Mester: A rate cut remains on the cards later in the year
Fed’s Mester: A rate cut remains on the cards later in the year
Loretta Mester, President of the Federal Reserve Bank of Cleveland, indicated on Thursday that she would be comfortable with lowering the pace of securities run off the Fed’s balance sheet shortly.
Further Quotes
“Now think growth this year will be above trend”
“Doesn't think disinflation pace this year will match last year.”
“Do anticipate we'll be in a position to lower fed funds rate later this year.”
“My long-term neutral estimate was raised to 3% from 2.5% in last month's seps.”
“If we slow the qt run off there's less likelihood of running into a september 2019 situation.”
“I’d be comfortable reducing the pace of run off soon.”
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