Fed must be ‘singularly’ focused on inflation, Mester says

Reuters

(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Thursday said she believes the U.S. unemployment rate will likely rise a little bit as the Fed raises rates, but that won’t stop the central bank from pursuing “job one” of fighting inflation.

“We have to be singularly focused on inflation,” Mester said at a virtual event held by the Council for Economic Education. “If we want to get back to healthy conditions, this is something we have to do.”

(Reporting by Ann Saphir; Editing by Sandra Maler)

Related News:   Dozens killed in Israeli strikes on north and south of Gaza

tagreuters.com2022binary_LYNXMPEI95159-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.