Cleveland Fed Pres. Mester does not mention current Fed monetary policy

Delivers keynote address at Cato conference

Fed's Mester gives keynote address at Cato conference but does not mention current Fed monetary policy.

She does say:

  • Population aging to depressed long run neutral rates
  • aging population may slow potential growth
  • demographic change may also affect business cycle

I guess those comments are a bit more dovish but nothing necessarily new.

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