U.S. Federal Reserve member Loretta Mester said recent market volatility has not changed its view of the economy's volatile period. Her comments were as follows:
- Market volatility is normal.
- It is normal for volatility to occur in financial markets.
- Long-term U.S. economic growth is 2%.
- The economy is experiencing some slowdown, but it is still above average.
- The U.S. Federal Reserve is tracking the economy and data to determine the rate hike.
- Long-term interest rate is 3%.
- The economy has slipped from strong growth.
- The growth of the global economy is slowing against the background of uncertainties in terms of conditions and tariff constraints.
- Companies tell us they are raising wages.
- The Fed is paying attention to its goals and policies.
