Fed’s Mester: Volatility has raised downside risks to forecast but not enough to change basic view

Fed’s Mester spoke at the start of European trading:
with the WSJ
– "There is probably more downside risk to my forecast now given the volatility, but my baseline forecast probably hasn’t moved enough to change my view on policy."
Mester is a hawk and a non-voter. The comments aren’t a surprise.

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