Skip to content

Subscriber Only

Economics

Fed’s Mester Says Policy in Good Place as Recovery Evolves

Says uneven data reinforces need for Fed to be patient
Now “not the time” to change policy, Cleveland Fed chief says

Video player cover image — Fed’s Mester Sees Policy ‘In a Good Place’ as Economy Evolves

By

Catarina Saraiva

May 14, 2021, 1:10 PM UTCUpdated onMay 14, 2021, 6:17 PM UTC

Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here.

The Federal Reserve’s policy is in a good place right now, said Cleveland Fed President Loretta Mester, while playing down signals from data that she warns will be volatile as the economy reopens.