Fed's Mester (voter) says we want to get more information before we can say inflation is on a sustainable path to 2%, adds this year inflation is a little higher than expected
Says:
- We want to be pretty confident inflation is on this downward trajectory.
- We have strong labor markets, solid economic growth.
- She still expects inflation to come down.
- Need to be watching and gathering more information before we take any action.
- Monetary policy is well-positioned.
- If inflation isn't moving down to 2%, we could keep rates where they are for longer.
- If labour markets deteriorate, we could lower rates.
- At some point we will start to ease policy.
- We don't have to ease policy in a hurry.
- We are watching risks to both of Fed's mandates.
17 Apr 2024 - 23:09- Fixed IncomeImportant- Source: Newswires
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