Former Cleveland Fed President Mester said the pace of the Fed's rate cuts next year will be influenced by fiscal policy and may not be as frequent as assumed or expected in September. Mester pointed out that the Fed's outlook will change with the incoming Republican administration's fiscal plans, and the market may have correctly predicted that there will be fewer than four rate cuts previously expected. "Next year, the pace of rate cuts will be influenced by fiscal policy," economists polled b...
Former Cleveland Fed President Meister: There is a good reason for a series of 25 basis point Fed rate cuts.
Former Cleveland Fed President Mester said there was a good reason for a series of 25 basis point rate cuts.