Tag: Loretta Mester

Fed’s Mester Says US Inflation Mostly Driven by Pandemic-Related Factors

October 8, 2021
Business & EconomyCompaniesEconomieseconomyFactorsinflationLoretta MesterpandemicUSUS News
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NEW YORK—Both supply-side and demand-side factors are contributing to U.S. inflation right now, but most of the current price changes may be driven by pandemic-related shifts that could subside over time, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday. Policymakers need to distinguish short-term inflationary pressures from inflation that could be longer lasting…

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Fed’s Mester Repeats First Rate Hike Could Come at the End of 2022

October 2, 2021
Business & EconomyEconomieseconomyFedhikeLoretta MesterrateUSUS News
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NEW YORK—The Federal Reserve’s conditions for raising interest rates could be met by the end of 2022, Cleveland Fed Bank President Loretta Mester said on Friday, adding that she expects inflation to come back down to the central bank’s target next year. “I think we’ll see progress in the labor market and progress on inflation…

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