Statement

Name: Loretta J. Mester

Summary: Fed's Mester Shrugs Off Stocks Drop and Says U.S. Economy Sound: "“Underlying fundamentals of the U.S. economy remain very sound,” Mester said Monday in an interview on Bloomberg Television. “There’s going to be volatility in the markets, that’s kind of the nature of financial markets.”... Mester said a weakening economy in China had already been built into the outlook for 2016 by Fed officials... “I don’t see that as a significant risk for the forecast,” she said."

Lean: Hawkish

Substantially Similar to Prior Statements: No

Statement Date: January 4, 2016

Publication Date: January 4, 2016

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