Fed's Mester says inflation is greater than anticipated, want extra confidence on trajectory

Mester not sounding like an rate of interest lower is imminent.

Loretta Mester, president and CEO of Federal Reserve
Federal Reserve Financial institution Cleveland department

  • We need to get extra info earlier than we are able to say inflation is on a
    sustainable path to 2%
  • This yr inflation
    is a bit of greater than anticipated
  • We need to be fairly
    assured inflation is on this downward trajectory
  • We now have sturdy labor
    markets, stable financial development

This text was written by Eamonn Sheridan at www.forexlive.com.

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