Fed’s Mester says three rate cuts in 2024 no longer appropriate
21/5/2024 6:21
Cleveland Fed President Loretta Mester said policy is restrictive, but policymakers need to wait for more evidence about the path of inflation before adjusting interest rates.
Mester, who had previously favored three rate cuts this year, said she wouldn’t think three reductions would still be appropriate for 2024 given first quarter inflation figures.
Source: Bloomberg
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