Fed's Mester: Fed would use its tools to address economic downturn
|Cleveland Fed President Loretta Mester recently crossed the wires saying that the Fed could use it tools to address an economic downturn.
Key quotes (via Reuters)
- US wages are growing across all employee skill levels.
- Rising wages are positive in a fairly low inflation environment.
- Stronger banks can help mitigate downside in future recession.
- US probably a little bit beyond maximum employment.
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