Fed’s Mester Says Central Bank Should Have Kept Some Rate Cut Powder Dry

Wall Street Journal, Mar. 17, 2020–Michael S. Derby (subscription)
Cleveland Fed Governor Loretta Mester, the lone Federal Reserve official to oppose the central bank’s radical action on Sunday to help the economy amid the coronavirus crisis said Tuesday she preferred a more gradual approach amid unsettled financial markets.
https://www.wsj.com/articles/feds-mester-says-central-bank-should-have-kept-some-rate-cut-power-dry-11584455724?mod=hp_major_pos2#cxrecs_s