October 15, 2024 17:18 GMT
MNI PODCAST: FedSpeak-FOMC Should Follow Thru On Cuts -Mester
MNI interviews former NY Fed executive Rick Roberts.
EXECUTIVE SUMMARY
- The Federal Reserve can get a few more rate cuts under its belt before officials need to pin down where interest rates will ultimately land, former Cleveland Fed President Loretta Mester tells MNI's FedSpeak podcast.
- Economic data since the September FOMC meeting have shifted the risks to the outlook but not baseline expectations.
- Timing of the next cut may be another close call, given how divided the committee was over September's jumbo move and dissipating fears of a pronounced job market slowdown, but Mester said she favors consecutive cuts.
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