Fed Mester doesn’t want to use negative rates

<p>Cleveland Fed President Loretta Mester said she doesn&#8217;t support using negative rates as a monetary policy tool in the US. She noted,  &#8220;the effects on the banking system and money market funds would make me not want to use that as a tool&#8221;. On the economy, she said in a speech that a &#8220;reasonable baseline [&#8230;]</p>
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