More on Fed's Mester - says U.S. rate hikes should continue despite weak inflation

Author: Eamonn Sheridan | Category: Central Banks

Greg had the remarks earlier: Fed's Mester: Does not feel weak inflation should delay hikes

Reuters have a recap up now for more, Reuters had the interview with the Cleveland fed head:
  • The recent weakness in U.S. inflation has not convinced her the Fed should delay plans for further interest rate hikes
  • Feels the economy remains on track for steady growth and rising wages
  • "I am not there yet. I still think we need to start bringing back some of the accommodation," by raising rates and pressing forward with plans to reduce the size of the Fed's asset holdings, Mester said in an interview with Reuters.