- 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
