• Fed's Mester: Fed needs more evidence economy is progressing as expected

Noticias del mercado

11 enero 2024

Fed's Mester: Fed needs more evidence economy is progressing as expected

Federal Reserve (Fed) of Cleveland President Loretta Mester gave her perspective on the Fed rate outlook during a televised interview with Bloomberg.

Key highlights

  • Fed is not "there" yet on rate cuts, want more evidence that economy is progressing as expected.
  • Fed's current evaluation is for how much longer rates to be kept high, policy kept restrictive.
  • Inflation has to be coming down on a "sustainable basis" before rate cut conversation can happen.
  • Fed needs to calibrate policy to achieve a soft landing.
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