Fed's Mester: I have not made up my mind yet on next FOMC meeting
|In an interview with CNBC, Cleveland Fed President Loretta Mester said that she had not yet made up her mind about how she is going to vote on rates at the next FOMC meeting.
Commenting on China's retaliatory tariffs, Mester said that this was a continuation of the trade uncertainty that has been underway for some time. Below are some additional quotes, as reported by Reuters.
"US consumers continue to be strong."
"US economy is quite resilient."
"I am very attuned to the downside risks to the economy."
"Our interest rates should be higher than Europe and China."
"Wages have been moving up."
"Business contacts always talk about trade uncertainty but still seeing good activity, although slower than last year as expected."
"Not worried about being too late by waiting for evidence of a slowdown in the data."
As markets continue to assess the latest Fed commentary and the fresh developments surrounding the US-China trade conflict, the US Dollar Index clings to small daily gains near 98.30.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.