U.S. stock index futures pointed to a lower open on Friday after a report said China will slap new tariffs on U.S. goods.
believes that if the U.S. economy continues to grow at its current pace, she's unlikely to support further reductions to interest rates.
"At this point, if the economy continues where it is, I would probably say we should keep things the way they are," she told CNBC's Steve Liesman from Jackson Hole, Wyoming. "But, I am very attuned to the downside risks to this economy and I want to make sure we're always focused on our dual-mandate goals.
, to a target range of 2% to 2.25%. That marked the first rate cut since the start of the financial crisis more than a decade ago. Mester is not a current voting member of the Federal Open Market Committee, the Fed's policymaking arm.
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