Fed's Mester says she's seeing a slowdown in US economic data
Comments from the Philly Fed President:
- Fed is using its tools and will leave things very accommodative
- The disparate impact of the pandemic is where fiscal policy plays a role
- The rise in the virus numbers are 'troubling'
- Seeing a slowdown in US economic data
- Says she's concerned about lack of fiscal policy
That's not a great sign, though it's not surprising.