Fed´s Mester says rate cut unnecessary to offset virus risks
(WorldNews Health)

WASHINGTON (AP) - A Federal Reserve official said Monday that she does not see a need to cut interest rates yet, even as worries about the viral outbreak that began in China caused global stock markets to plunge and some economists are penciling in a rate reduction by April. `I see it as a risk to the (economy’s) outlook, but the fundamentals are still strong enough to support trend growth,� Loretta Mester, president of the Federal Reserve Bank of Cleveland, said. `I think our policy is well-calibrated to where we are including the risks that are out there.� She also said that, `we don’t want to overreact to the volatility in the markets` after just one day of sharp...