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Fed's Mester says current risk to economy weighted to downside

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Fed's Mester weighing argument for U.S. rate cut

From reuters.com

One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy. “I could see scenarios where we hold rates steady. I could see scenarios where we move the rate down. I think we just have to take the time to really evaluate,” the state of the economy, Cleveland Fed President Loretta Mester told Reuters in her first public remarks since the Fed last month lowered borrowing costs for the first time since 2008. Mester said she still forecasts the U.S. economy to grow in line with ... (full story)

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