(Il Sole 24 Ore Thomson Financial) – New York, November 19 – The terrorist attacks that Friday ‘last hit Paris is first and foremost a “tragedy” human but “the outlook for US growth does not change.” He said speaking on CNBC Loretta Mester, president of the Federal Reserve of Cleveland. According to her, the stress experienced in the markets immediately after events such as those in the French capital “do not stay long.” In terms of monetary policy, Mester said that full employment (one of the mandates of the Fed, and the other ‘stability’ of prices) and ‘been reached and that inflation will return’ to the target of 2% set the US central bank. For Mester, “the pace at which rates will be raised” and ‘the most’ important of the rise itself. “The cost of money in the US and ‘still at a record low equal to 0-0.25% since December 2008. The first close 2006 could be the next December, so ‘as confirmed by the minutes (released yesterday) of the Fed meeting and that is’ held the past 27 and 28 October.
A24-Spa
(RADIOCOR) 15/11/19 17:37:25 (0389) 5 NNNN
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