Cleveland Federal Reserve President Loretta Mester speaking on her outlook for the economy and monetary policy
- Says Fed's wait-and-see approach on rates 'well-calibrated' to outlook
- US economy is in a very good spot
- Sees 2 pct to 2.5 pct US GDP growth in 2019, inflation at 2 pct, unemployment at 4 pct or less
- I forecast proves true, rates may need to move a bit higher
- Cites slowing global growth, trade policy uncertainty as risks to outlook
- Says tighter financial conditions, downturn in sentiment also pose risks
- Says if risks manifest themselves, may need to adjust outlook, policy view
There will be more to come with a Q&A to follow.
