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Fed’s Mester Says Economic Outlook Intact Though Virus a Risk

Bloomberg business news — Federal Reserve Bank of Cleveland President Loretta Mester comments on the current state of the U.S. economy, the threat posed by the coronavirus outbreak and the outlook for monetary policy during an interview with Bloomberg's Mike McKee on "Balance of Power." (Source: Bloomberg)

By

Christopher Condon

February 14, 2020, 6:12 PM UTC

Federal Reserve Bank of Cleveland President Loretta Mester said the impact of the coronavirus and the risk it poses to the global economy haven’t changed her forecast for continued growth of about 2% in the U.S. this year.

“Right now I’m thinking about that as a risk,” Mester said Friday in an interview with Michael McKee on Bloomberg Television, referring to the virus that has killed more than 1,300 people, mostly in China.