Fed’s Mester says she would favor slowing balance sheet trimming

February 19, 2019

NEWARK, Del. (Reuters) – Cleveland Federal Reserve President Loretta Mester on Tuesday said she would favor slowing the U.S. central bank’s process of shrinking its balance sheet this year.

“I would need slowing,” said Mester, who does not have a vote on the Fed’s rate-setting committee this year but participates in its deliberations.

(Reporting by Jason Lange; Editing by Chizu Nomiyama)

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