Bloomberg: Fed's Mester says an interest rate cut now would be bad policy

Author: Greg Michalowski | Category: Central Banks

Interview with Bloomberg 

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

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