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The president of the Federal Reserve Bank of Cleveland said she still sees inflation risks, citing higher oil and gas prices. Fed's Mester still views one more rate hike as appropriate [Video ...
Daly, the president of the San Francisco Fed, also called three cuts in 2024 a "very reasonable baseline" while noting "we still have more work to do." Cleveland Fed president Loretta Mester ...
Cleveland Fed president Loretta Mester said Thursday that the latest reading on inflation doesn’t alter her calculus for three rate cuts later in 2024.. A month-over-month jump in the Fed’s ...
Cleveland Fed President Loretta Mester said Tuesday that the central bank could lower interest rates "later this year," warning it would be a "mistake" to cut too soon.
Former Cleveland Fed President Loretta Mester expects the Fed to cut next week but rethink its predictions for 2025 as inflation remains sticky. ... Read the latest financial and business news ...
Meanwhile, Cleveland Fed President Loretta Mester said in a speech Monday night that she thinks another interest rate hike is on the table and warned that rates could be held higher for "some time."
Mester became the president and CEO of the Federal Reserve Bank of Cleveland on June 1, 2014. She was the 11th president and CEO of Cleveland's Fourth District Federal Reserve Bank. Mester is an adjunct professor of finance at the Wharton School of the University of Pennsylvania and a fellow at the Wharton Financial Institutions Center.
Cleveland Fed President Loretta Mester said Tuesday night she sees interest rates moving above 5% and rates adjusted for inflation staying in positive territory for "some time."