Fed's Mester: Monpol needs to be systematic, but should not base policy on a single rule
|Cleveland Fed President Loretta Mester is delivering additional comments, with the key quotes, via Reuters, found below:
- Digital currencies are under study at the Fed, in near term won't affect monetary policy
- Monetary policy needs to be systematic, but should not base policy on a single rule
- Using tax code to address income inequality may be better than using minimum wage
- Fed will not revisit balance sheet plan at each meeting, aims to 'set it and forget it'
- Fed is on a good path in terms of normalization
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