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Mester: March’s Hike Should Be Followed By Further Increases In The Coming Months
Fed’s Mester: Appropriate To Move The Funds Rate Up In March Barring Unexpected Economic Downturn
— LiveSquawk (@LiveSquawk) February 24, 2022
- March’s Hike Should Be Followed By Further Increases In The Coming Months
- If No Moderation In Inflation By Mid-Year Should Remove Accommodation At Faster Pace
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Fed’s Mester: If Infl. Falls Faster Than Expected, Pace Of Removal Could Be Slower
— LiveSquawk (@LiveSquawk) February 24, 2022
- Expect Some Improvement In Infl. Readings Later In The Year
- Supports Reduction In B/Sheet Soon If Economy Remains Stable
- Supports Selling Some MBS At Some Point During Reduction Process
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Mester: An Update on the U.S. Economy and Monetary Policy
I thank the Lyons Companies and the University of Delaware for inviting me to speak at today’s forum on the outlook for the U.S. economy. I had the opportunity to speak at this event in 2019 and enjoyed being on campus. Hopefully, we will have the opportunity to meet in person soon. In my remarks three years ago, I characterized 2019 as a year of transition for the economy and monetary policy. At that time, economic growth was expected to transition to a more sustainable pace after above-trend growth in 2018, and we were completing a monetary policy transition that had been underway for some time: a transition away ... (full story)