Fed's Mester: Fed would use its tools to address economic downturn

Cleveland Fed President Loretta Mester recently crossed the wires saying that the Fed could use it tools to address an economic downturn.

Key quotes (via Reuters)

• US wages are growing across all employee skill levels.
• Rising wages are positive in a fairly low inflation environment.
• Stronger banks can help mitigate downside in future recession.
• US probably a little bit beyond maximum employment.