Fed’s Mester: Main Brexit impact is through financial markets and USD

Fed’s Mester is back on the wires, this time speaking on the impact of Brexit on the US economy, on the sidelines of the Sydney conference.

Key Quotes:

“Need to consider Brexit in medium term outlook”

“Main Brexit impact is through financial markets and USD”

“Medium term outlook for the US is still quite good”

“US bond yields have fallen on the flight to quality buying”