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Fed Doesn't Want to Surprise Market on Policy, Mester Says

  • U.S. economy is on sound footing, Cleveland Fed president says
  • Forecasts may be adjusted more frequently given uncertainties
Bloomberg business news

Loretta Mester Says Fed Doesn't Want to Surprise Markets

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Federal Reserve Bank of Cleveland President Loretta Mester said policy makers don’t want to surprise the market on interest rates and they have to be “nimble” to adjust their outlook amid global and domestic risks.

“We certainly never want to surprise the markets,” Mester said Wednesday in an interview from Singapore with Bloomberg Television’s Haidi Lun. “But I think most people, when they’re thinking about the U.S. economy, see it on a pretty good and sound footing.”