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Mester: The Great Recalibration of U.S. Monetary Policy
It is a pleasure to participate in this policy panel at the International Research Forum on Monetary Policy sponsored by the Euro Area Business Cycle Network, the European Central Bank, and the Federal Reserve Board. The Federal Open Market Committee (FOMC) met last week; so in my brief prepared remarks, I will review the FOMC’s recent decisions and put them into context. As a reminder, the views I present today will be my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open Market Committee. In making its monetary policy decisions, the FOMC is always guided by its ... (full story)
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Fed’s Mester: Appropriate To Raise Policy Rate Another 50Bps At Each Of Next Two Meetings (Jun & Jul)
— LiveSquawk (@LiveSquawk) May 13, 2022
- In Sept, FOMC Better Positioned To Consider The Appropriate Pace To Continue Removing Accommodation Over The Balance Of The Year
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Fed’s Mester: Positive Signs From March: Core PCE Price Index, Cleveland Fed’s Median PCE Inflation
— LiveSquawk (@LiveSquawk) May 13, 2022
- But Risks To Inflation Remain Strongly On The Upside
- Current Pace Of Wage Increases Inconsistent With Maintaining Price Stability