Category: Mester
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Former Fed Pres. Mester on CNBC:There will be a discussion on 25 or 50 bps at FOMC meeting
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Today, the Fed talk is quiet, but former Cleveland Fed President Loretta Mester (she recently retired from the Fed) is on CNBC. Functional work will be an important part of the puzzle. There will be a discussion about whether they want to start with a 25 or 50 basis point…
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Cleveland Fed Pres. Mester: Monetary policies restrictive. Neutral rate may be higher
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President of the Federal Reserve Bank of Cleveland. Speaking on Bloomberg TV, Meester says: Monetary policy is restrictive. Inflation progress stalled in the first three months The April CPI report was good news, but it is too early to know what path inflation is taking Labor markets have become more…