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Weekend - Fed's Mester sees another interest rate hike, says cuts may have to wait

Weekend - Fed's Mester sees another interest rate hike, says cuts may have to wait
Loretta Mester is President and CEO of Federal Reserve Bank Cleveland branch. She spoke with Reuters in an interview at the Fed's conference in Jackson Hole, Wyoming on Saturday. does not want policy so tight that the economy collapseswants to set it so that inflation reaches the Fed's 2% goal by the end of 2025 ... "We just don't want it to keep drifting farther out"Mester added that in June she had penciled in rate cuts in the second half of 2024, but that fresh forecasts are submitted ahead... Read More
Posted: Aug 27 2023, 20:20
Author Name: forexlive
Views: 111748

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