JACKSON HOLE, Wyo. - Cleveland Federal Reserve President Loretta Mester said on Saturday she sees “big downside risk” from rising trade uncertainty, and will be watching how businesses and consumers react ahead of the U.S. central bank’s next policy meeting.
Whether trade and other policy moves will knock a U.S. economy chugging along at an expected 2% annual growth rate remains to be seen, Mester told Reuters on the sidelines of the Fed’s annual central banking conference in Jackson Hole, Wyoming. She added that “the more this trade war escalation happens, the more weight you have to put on that other scenario.”
He did not tip his hand on whether he thought rate cuts at the Fed’s next policy meetings would be appropriate, as financial markets are currently betting.
You don’t say lol
Duh.
so she proposed anything or just growing rating? )
Too late with that? Pres Trump mild recession mention beat you to it? Lol
What, like there's something other than a downside?!? trump is demanding China to make changes it can't and won't ever make for fuck sakes! It's exactly what we're doing with Iran and NK! trump is demanding changes they aren't going to make in a million years! TiredOfWinning
It won't be a big deal
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