Loretta Mester has a distinguished, multi-decade career with the Federal Reserve. She currently serves as president and CEO of the Federal Reserve Bank of Cleveland, votes on the FOMC, and immerses herself deeply in the issues of America’s banks and financial institutions. She agreed to an extended and detailed hour-long discussion with GIC. Here’s the link: https://www.interdependence.org/events/browse/the-feds-response-to-covid-19/. Registration is required to view the interview but takes only a moment.
We recommend the full interview to every investor, consultant, financial planner, policy adviser, and, if they would like some help, politicians. The replay of her June 18 discussion is free. She addresses the Fed’s toolbox, financial markets, labor markets, inflation, and growth. She weighs the need to “build a bridge of relief” and to support the recovery against concerns about deficits, and offers her own economic forecast for the months ahead, even as she acknowledges the variables that make forecasts especially difficult right now.
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Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.