Mester: Fed is back to normal way of looking at policy

Author: Greg Michalowski | Category: Central Banks

More Mester...

  • Outlook for economy fundamentally good, there are risks however
  • the Fed is back to normal way of looking at policy
  • Fed policy can respond to material changes in the Outlook
  • hard to sustain 3% GDP growth in longer run
  • will carefully monitor what markets saying about economy
  • market seeing different outlook been visible in data
  • I've been concerned about high leveraged lending levels
  • Banking system in good shape relative to pre-crisis
  • surprised by the lack of inflation but that allows patience
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