Fed Mester: Interest rates can be gradually cut if the economy meets expectations

Fed Mester said he still expects the Fed to cut interest rates later this year and does not think there is enough reason to cut interest rates at the next meeting. If the economy is in line with expectations, the Fed can gradually lower interest rates. The greater risk for monetary policy is that the Fed cuts interest rates too early. A strong economy provides the Fed with room to wait and see before cutting interest rates. (Golden Ten)