More from Fed's Mester - negative rates would not work well in the US

Loretta Mester is President of the Federal Reserve Bank of Cleveland

• doesn't think it's too late to launch main street lending facility because it will provide needed support to businesses
• says opening up has to be done in a responsible way so you are basing it on what public health officials tell you
• says negative rates wouldn't work well in our economy because of negative effects on banking system and mutual funds

Earlier comments:

• More from Fed's Mester - wants to stay away from negative rates
• Fed's Mester says further direct fiscal support is needed