Federal Reserve's Mester: Further Rate Cuts Unnecessary as Current Policy Is Neutral

Federal Reserve official Loretta Mester stated that further interest rate cuts are not advisable, as the current monetary policy is already neutral. According to Jin10, Mester emphasized that the economy does not require additional stimulus at this time. She noted that risks are generally balanced and that further rate reductions would only be necessary if there is a deterioration in the labor market or a decline in inflation.