Loretta Mester, president and CEO of Federal Reserve Bank Cleveland branch.


Q&A with mester now:

  • The Federal Reserve took rapid action to deal with stress in the bank sector
  • The actions the Federal Reserve took seem to have stabilised banks
  • Was very comfortable with the Fed's recent 25 basis point rate rise

  • Economy still has an issue with too-high inflation

  • Doesn't share the market outlook for cutting rates this year

Mester 04 August 2022