Unleashing the Power of the Fed: Mester Predicts Tightening to Keep Inflation in Check
Fed’s Mester foresees further tightening to ensure downward trajectory of inflation Cleveland Federal Reserve President Loretta Mester highlighted the urgency of tightening monetary policy in order to combat high inflation rates Mester’s Concerns Mester emphasized the need for further tightening in monetary policy to ensure a “sustained downward trajectory” of inflation. She pointed out that…