Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Cleveland Fed President Loretta Mester said policy is restrictive, but policymakers need to wait for more evidence about the path of inflation before adjusting interest rates https://t.co/UW2E5pVYvE https://t.co/zbGWSeG4ok
Fed's Mester: Previously, I expected three rate cuts this year. I do not think that's still appropriate. Inflation risks are tilted to the upside. https://t.co/GNQlUs6CrV
đ´ FED'S MESTER: PREVIOUSLY, I EXPECTED THREE RATE CUTS THIS YEAR. I DO NOT THINK THAT'S STILL APPROPRIATE.
Federal Reserve officials, including Cleveland Fed President Loretta Mester and others, are closely monitoring inflation trends. Mester welcomes signs of cooling inflation and expects gradual progress in lowering inflation. She notes risks to the inflation side of the Fed mandate have increased, but the current restrictive policy aims to help lower inflation. Mester emphasizes the need for more evidence on inflation's path before considering rate cuts.