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MNI BRIEF: Fed's Mester Sees Strong US Growth In 2nd Half

(MNI)

Cleveland Fed President Loretta Mester said Tuesday she expects the U.S. economy to rebound strongly in the second half of the year as Covid vaccinations become more widespread.

"I would expect a strong pick up in economic activity in the second half of this year," she told a webinar.

She added the Fed's framework change means officials will more cautious about tightening monetary policy than in the past despite such strength.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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