Fed: This year we will grow below trend below trend — Loretta Mester

Loretta J. Mester, President of the Federal Reserve Bank of Clevelandjoins Washington Post global economics correspondent David J. Lynch to discuss the Federal Reserve’s plan to curb inflation and concerns that it could induce a recession.

Featured Statements

“This year we will grow below the trend.”

“We are not in a recession.”

“We haven’t seen inflation cool down ‘at all’, reiterates commitment to control inflation”

“You have to take the Fed’s models with some caution.”

“There is no slowdown in the US labor markets, which look very healthy at the moment.”

The US dollar benefits from a safe haven offer

Meanwhile, US stocks struggled for gains with the dollar and gold rising on Tuesday in a flight to safety, Markets are trading cautiously on US-China tensions over Taiwan , as well as current concerns about the cooling of the world economy. DXY is up 0.63% to trade at 106.07, the day’s high so far.

Source: Fx Street

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