Tag: mester

Fed’s Mester Says Rate Target Will Need to Go Over 5 Percent

April 5, 2023
Business & Marketseconomic policieseconomyFedinflationMarketsmesterrecessionUSUS News
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Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that the U.S. central bank likely has more interest rate rises ahead amid signs the recent banking sector troubles have been contained. To keep inflation on a sustained downward path to 2 percent and keep inflation expectations anchored, Mester said she sees monetary policy…

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Fed’s Mester Says She Supports Smaller Rate Hike in December

November 22, 2022
Business & Marketseconomic policieseconomyFedinflationmesterrecessionUSUS News
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The Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions to help bring down high inflation while keeping the economy humming, Cleveland Fed President Loretta Mester said on Monday. “I think we can slow down from the 75 at the next meeting. I don’t have…

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