Cleveland Federal Reserve President Loretta Mester speaking to the Money Marketeers of New York University on “Federal Reserve Communications and Forward Guidance.”
- Rate liftoff could be delayed if economy disappoints
- September could give more information on consensus outlook
- Federal Reserve September economic projections could be improved
- FOMC made clear rates could rise sooner if warranted
- OMC October 29 statement important step in right direction
- Favors less focus on calendar date for rate liftoff
- Says Federal Reserve should stress data dependency of policy
Headlines on Bloomberg
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