Mester says Fed in 'really good spot' following three rate cuts
Comments from Mester to reporters:
- No signs that weakness spreading to wider economy
- Risks tiled to the downside, citing weak investment
- Sees US GDP growth of around 2% next year, around trend
- It's worth considering a standing repo facility
This is the status-quo line from the Fed right now. They don't want the market to price in any rate moves but that cold all blow up if China-US talks go off the rails.