Companies should make own decisions on stock buybacks: Fed’s Mester

LEXINGTON, Ky. (Reuters) – U.S. companies should be left to make their own decisions about whether to buy back their own stock given strong economic conditions, Cleveland Federal Reserve President Loretta Mester said on Wednesday.

“The economy overall is quite healthy and so in that sense – 3 percent growth last year is a healthy economy – so you want businesses to be able to make decisions like that on their own,” Mester said in response to a reporter’s question on the sidelines of an event in Lexington, Kentucky.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.