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Mester Says FOMC To Go Own Way If New Fed Chair Lacks Credibility
MNI FedSpeak Podcasts
26 minutes
2 months ago
Mester Says FOMC To Go Own Way If New Fed Chair Lacks Credibility
The heavy mantle of responsibility on the next Fed leader will guide him to set monetary policy independent of President Trump's influence, and should the Fed chair fail to make a convincing case for a desired course of policy, the 11 other members of the rate-setting FOMC would vote according to their own judgement, former Cleveland Fed President Loretta Mester tells Fedspeak.