Mester says Fed in 'really good spot' following three rate cuts

Author: Adam Button | Category: Central Banks

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.

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