Fed's Mester expects U.S. economy to grow 2-2.5 percent in 2019 - CNBC

FILE PHOTO: Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York, U.S., August 15, 2017. Picture taken August 15, 2017. REUTERS/Shannon Stapleton - Copyright SHANNON STAPLETON(Reuters)

By Reuters

Published on 03/05/2019 - 21:04•Updated 19/04/2024 - 12:13

Comments

(Reuters) - Cleveland Federal Reserve President Loretta Mester told CNBC on Friday that the U.S. economy remains in a strong position, adding that she forecasts a growth rate of 2 percent to 2.5 percent for 2019.

Mester also said she fully supports the U.S. central bank's "patient" monetary policy stance.