Fed's Mester: Underlying fundamentals for the US economy are pretty good

Author: Adam Button | Category: News

Comments from Mester on Bloomberg TV

  • Consumer is driving things but business side is weaker
  • Says she hasn't marked down her 2020 forecast because of coronavirus but says it's a new risk
  • Expect virus to weaken China in Q1
  • Phase one trade deal has removed uncertainty but it's too early to say how much of a pickup will be
  • Economy appears to be growing around trend, around 2%
  • Policy is in a good place right now, we have a good period to evaluate right now
  • The outlook is still good, notwithstanding coronavirus risk
  • Treasury bill purchases targeting repo market are not QE
  • Says she is not a fan of negative interest rates
There's nothing groundbreaking here. Everyone is watching the virus closely and trying to understand the impact on China and global growth.

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