Fed's Mester: Fed wants to see tighter financial conditions, though not all at once By Frank_Macro Fed InterestRate Inflation
," she said, adding that the Fed's goal is to bring inflation under control, but also to sustain the expansion and maintain healthy labour markets. "We need to be resolute on bringing rates up to neutral.""Once at the neutral rate, the Fed will be in 'good position' to evaluate the economy."Asked about 75 bps point hike, Mester said "we don't need to go there"."I would support a 50 bps rise in May and at a few more meetings after that.
"I think it will take a few years to get inflation back to 2.0%, and balance sheet reductions will also reduce accommodation." If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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