Interview with Bloomberg
Loretta Mester in an interview with with Bloomberg is saying:
- an interest rate cut would be bad policy
- returning inflation to US central banks2% target requires restraint more than dramatic action
- officials should simply be careful not to react to quickly when prices moved back up again as she expects them to do later in this year
- let's hold rates where they are and be more willing to do that even though we have a very low unemployment rate
- she would be equally unconcerned by an overshoot of the target if that was not expected to persist
- says the actual direct impact of tariffs is not that large in terms of both prices and GDP growth
The full article/interview can be found HERE
