Fed's Mester: We're not at the point to dial back accommodation

Comments from Mester, who is a voter in 2022

  • There is evidence that there is some frothiness and the Fed is watching that
  • Structural issues in the Treasury market will need work
  • We must make sure Fed communications don't add to market volatility
  • The resiliency of the banking system needs to be reassessed in light of the low-interest-rate environment
  • Full text

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