Comments from Mester:
- Expects positive growth in Q3 and Q4 after Q2 bottom
- Some businesses initially hoping to avoid job losses have had to let workers go
- Unemployment rate will end 2020 in high single digits
- New policy clarifies that in the absence of inflation pressures or financial stability risks, strong employment is not a concern
- Sustainable recovery recovers more fiscal support
The final pre-election FOMC is Sept 16.
