.Former Fed Mester on CNBC says" 25 or even 50 bp in cuts is definitely a close call. Excellent instance for set of 25 basis points cutsThe Fed is beginning a set of cuts to bring restrictiveness back downIt is time to start a new stage of taking prices lowerThe Fed will definitely stay on the task till inflation transfer to 2%, yet wants to not see joblessness relocating higherAlways focused on wHat is the very best our team can do for the US economic climate. National politics never entered into the room.Some of her thought process for 25 bps vs 50 bpsThe market is pricing in a 59% possibility of 50 basis factors.This post was written by Greg Michalowski at www.forexlive.com.