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Fed should be deliberately patient on policy, Mester says

Fed s Mester says need to be deliberately patient on policy

By Reuters Staff 3 Min Read (Reuters) -The U.S. economic outlook is brightening, Cleveland Federal Reserve Bank President Loretta Mester said on Monday, adding that the Federal Reserve should stick to its easy monetary policy to help support growth further. FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester poses during an interview on the sidelines of the American Economic Association’s annual meeting in San Diego, California, U.S., January 3, 2020. REUTERS/ Ann Saphir “I’m thinking that we’ll see a very strong second half of the year, but we are still far from our policy goals,” Mester said in an interview on CNBC, referring to the Fed’s goals of full employment and 2% inflation.

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