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Fed's Mester says ending stimulus talks will mean ‘much slower’ recovery - CNBC

Published 10/06/2020, 05:37 PM
Updated 10/06/2020, 05:40 PM
© Reuters. Cleveland Federal Reserve Bank President Loretta Mester poses during an interview on the sidelines of the American Economic Association’s annual meeting in San Diego

(Reuters) - U.S. President Donald Trump's announcement that no further stimulus talks will happen until after the November election will mean a "much slower" recovery for the U.S. economy from the coronavirus crisis, Cleveland Federal Reserve Bank President Loretta Mester told CNBC in an interview https://cnb.cx/33DIv0F.

"Certainly, you know, the recovery will continue without it, I think, but it's going to be a much slower recovery and it's disappointing that we didn't get a package done," Mester said in the interview.

Latest comments

American are addicted of easy "printed" money, you want money ? work hard
"I think" (We wish.)
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