Fed's Mester: I am expecting growth to slow below trend

<ul><li>I don't have a recession in my forecast</li><li>It's been a strong and resilient economy but inflation has moved down</li><li>Term premium played a role in the rise of Treasury yields</li><li>Do data suggests things are going off a cliff in the economy</li><li>Has not assessed whether she will pencil in another rate hike in her December projections</li><li>We're currently in a very good spot for policy</li><li>We are now in a more balanced place</li><li>It's not about cutting rates, it's how long we stay in a restrictive stance, and possibly higher</li></ul><p>She doesn't sound like she's in a mood to hike more.</p>

This article was written by Adam Button at www.forexlive.com.