Fed's Mester: We might need to recalibrate policy if uncertainty continues

Author: Adam Button | Category: Central Banks

Mester now on Bloomberg TV

Mester now on Bloomberg TV
  • Businesses are concerned about tariffs
  • I would like to wait and see to how firms are reacting to consumer tariffs before reacting
  • I think inflation is in a pretty good spot, we're clearly below our mandate but we've been stable
  • Cyclical prices have been moving up, I'm more confident that prices are moving towards our goal. Patience is called for
  • There is a lot about inflation dynamics that we need to learn about
  • Business contacts are wondering if we're talking ourselves into recession
  • There's a difference between sentiment and the reality on the ground
She's more of a wait-and-see policymaker while others are trying to preempt any weakness. That said, she sounds like she's a few bad data points away from hitting the panic button.
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