Federal Reserve's Mester: Hopes the Fed will obtain the necessary data before the next FOMC meeting

BlockBeats News, October 3, Federal Reserve's Mester stated that obtaining data is crucial for policy making, and hopes that the Federal Reserve will have the necessary data before the next FOMC meeting.

Mester believes that the neutral interest rate has fallen to the lower end of the range considered by the Federal Reserve. Federal Reserve policy should be forward-looking, and using lagging data can be misleading.