mester

/ ˈmɛstə /

noun

1. master: used as a term of address for a man who is the head of a house

2. a term for the devil, used when speaking to children

Example Sentences

In particular, the level of vitriol and the constant, continual attacks on the central bank, and Powell specifically, by the current administration are unprecedented, Mester noted.

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“This is a hard situation,” Mester said, and not just because the government shutdown has disrupted and delayed the release of official economic indicators that policymakers depend on to weigh the risks of policy moves.

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“We have supply changes and demand changes and whenever you have structural changes happening along with demand changes, it makes for a much more difficult decision-making process to understand what’s really happening in the economy,” Mester said.

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The Fed has to take into account that the labor market is much weaker than previously thought, Mester said.

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“We have to partly rethink our rules of thumb to really understand what’s going on,” Mester said.

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