Fed's Mester: May need to recalibrate policy downward if economic uncertainty continues
|In an interview with Bloomberg TV, Cleveland Fed President Loretta Mester argued that the may need to recalibrate the policy downward is the economic uncertainty continues. "The trade uncertainty has been weighing on the economic outlook," Mester added. "I think interest rates will likely be lower going forward that they have been in the past."
In the meantime, the US Dollar Index clings to modest daily gains above 98.30 as investors are waiting for FOMC Chairman Jerome Powell to deliver his prepared statement at 14 GMT.
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.