The president of the Cleveland Federal Reserve welcomed “some easing” in U.S. inflation, but she also said the central bank needs to keep raising interest rates until price pressures dissipate Read more
Tag: Mester
Fed’s Mester says there’s been no progress on inflation, so interest rates need to move higher
With little or no progress made on bringing inflation down, the Federal Reserve needs to continue raising interest rates, Cleveland Fed President Loretta Mester said Tuesday. “At some point, you Read more
Fed’s Mester cool to talk of potential ‘pause’ in rate hikes
Cleveland Federal Reserve President Loretta Mester on Thursday pushed back on the notion that the central bank might pause hiking interest rates out of a concern that something might “break” Read more
Fed’s Mester says inflation is going to remain hard to predict
It is going to be difficult for Federal Reserve officials to discern signal from noise about inflation given all the conflicting supply-and-demand factors influencing prices, Cleveland Fed President Loretta Mester Read more
Fed’s Mester backs higher interest rates until inflation begins to fade
The president of the Cleveland Federal Reserve said Thursday that the central bank needs to keep raising interest rates until high U.S. inflation has begun to subside, joining a coterie Read more
Fed’s Mester says inflation data ‘uniformly bad,’ but not ready to commit to even bigger rate hike
Federal Reserve Bank of Cleveland President Loretta Mester said inflation data released earlier Wednesday was terrible, but she wasn’t yet ready to commit to further accelerating central bank interest rate Read more