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Mester: Saw a 'compelling' case for 50 bps hike at last FOMC meeting; Fed has more work to do to control inflation
MESTER: SAW A 'COMPELLING' CASE FOR 50 BPS HIKE AT LAST FOMC MEETING
— *Walter Bloomberg (@DeItaone) February 16, 2023
MESTER: FED HAS MORE WORK TO DO TO CONTROL INFLATION
MESTER: FED WILL NEED TO GO ABOVE 5% AND STAY THERE FOR A WHILE
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FED’S MESTER: TRANSITION BACK TO PRICE STABILITY WILL BRING SOME PAIN #News #Markets #capitalhungry
— Capital Hungry (@Capital_Hungry) February 16, 2023
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FED'S MESTER: I EXPECT TO MAKE SIGNIFICANT PROGRESS IN LOWERING INFLATION
— Breaking Market News (@financialjuice) February 16, 2023
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FED'S MESTER: THE EXTENT TO WHICH THE FED RAISES RATES IN THE FUTURE IS DETERMINED BY INFLATION.
— Breaking Market News (@financialjuice) February 16, 2023
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Mester: Returning to Price Stability: In It to Win It
Let me begin by thanking David Kotok and the Global Interdependence Center for inviting me to speak at today’s conference. The GIC has a long tradition of organizing sessions to inform us about the important issues affecting the world’s economies. I am grateful that I have been able to participate in many GIC events over the years. Today, my topic will be the outlook for the U.S. economy and the appropriate monetary policy settings that will return our economy to price stability. The views I present will be my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open ... (full story)
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