Reuters logo
Predictable bond run-off best for U.S. economy -Fed's Mester
May 8, 2017 / 1:57 PM / in 7 months

Predictable bond run-off best for U.S. economy -Fed's Mester

CHICAGO, May 8 (Reuters) - A well-explained and slow withdrawal of the Federal Reserve from the bond market would not harm the U.S. economy, Cleveland Fed President Loretta Mester said on Monday.

She called for a “gradual, predictable” approach to beginning to shed some of the Fed’s $4.5 trillion in Treasury and mortgage assets. “It’s a natural time for us to shrink the balance sheet,” Mester added at a Chicago conference. (Reporting by Mark Weinraub; Writing by Jonathan Spicer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below