Feds Mester: Fed will need to tighten somewhat further to lower inflation




Feds Mester: Fed will need to tighten somewhat further to lower inflation | Forexlive


  • Cleveland Fed Pres. Loretta Mester speaking

  • Fed will need to tighten somewhat further to lower inflation
  • Fed policy less restrictive compared to history.
  • Raising rates again will reduce risk of more action in future
  • Fed rate hike’s have been moderating economic activity
  • economy has proved stronger-than-expected.
  • Supply chain disruptions have eased.
  • Inflation stubbornly high. Installed progress on core prices.
  • Fed closer to end of tightening campaign and then it’s a start.
  • Core inflation gains to high, and to broad-based.
  • Wages pressures remain too high to get inflation back to 2%.
  • Demand for labor still outstripping supply.
  • Business leaders fears of a recession have declined

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