Fed's Mester: It was a solid employment report but wants to see further progress

Author: Adam Button | Category: Central Banks

Mester on CNBC

  • She notes that the participation rate has only made it halfway back
  • 'Substantial further progress' doesn't mean getting all the way back to pre-pandemic
  • Says she's focused on prime age workforce participation because of acceleration of retirement during pandemic
  • We want to be deliberately patient on tapering

The Fed blackout starts tomorrow so this will be (hopefully_ the last we hear until June 16. Though Bullard will probably find some way to appear somewhere.

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