Current policy rate lets Fed be ‘nimble’ with incoming data, Mester says
By Michael S. Derby NEW YORK (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Wednesday that an easing of inflation pressures has given …
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Cleveland Fed begins search for new leader as Mester nears retirement
By Michael S. Derby NEW YORK (Reuters) – The Cleveland Federal Reserve said on Wednesday it has begun to search for a replacement for its …
Fed’s Mester says plenty of room left to run on balance sheet drawdown
NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said on Friday the central bank still has plenty of space to cut …
Fed’s Mester says Fed at or near peak for interest rate target
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said on Friday her outlook for central bank interest …
Fed’s Mester: Strong jobs data do not change underlying view on hiring
By Michael S. Derby (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Friday that very strong hiring data for last month didn’t …
Fed’s Mester open to another rate hike if economy stays on current path
By Michael S. Derby NEW YORK (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Tuesday she is open to raising interest rates again, …
Fed’s Mester says one more U.S. rate hike may be needed
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Monday that the U.S. central bank most likely …
Fed’s Mester says job market remains strong despite some signs of cooling
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said on Friday that the U.S. labor market remains …
Fed’s Mester sees another rate hike, says rate cuts may have to wait
By Ann Saphir and Howard Schneider JACKSON HOLE, WYOMING (Reuters) – Beating inflation will probably require one more U.S. interest-rate hike and then going on …
Banks can manage outflow risk in Fed’s new payment service system, Mester says
By Michael S. Derby NEW YORK (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Wednesday that the U.S. central bank’s new real-time money …
Fed’s Mester says hot inflation data affirms case for more rate hikes
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland leader Loretta Mester said Friday she wasn’t surprised by the latest round …
Fed’s Mester sticks with December interest rate projection for now
(Reuters) – Cleveland Federal Reserve President Loretta Mester said on Friday that she was keeping to her previous forecast made at the end of last …
Fed’s Mester sees rates rising more than most policy makers have forecast
By Michael S. Derby (Reuters) – Cleveland Federal Reserve bank President Loretta Mester said on Friday that she believes the U.S. central bank will have …
Fed’s Mester: Lowering inflation remains Fed’s main goal
NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester reiterated Tuesday getting inflation down remains critical for the central bank. “Given high …
Fed’s Mester says she supports smaller rate hike in December
(Reuters) -The Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions to help bring down …
Fed must be ‘singularly’ focused on inflation, Mester says
(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 …
Mester: Fed will watch growth concerns after clear progress on inflation
CLEVELAND (Reuters) – Fed officials at some point will begin balancing concerns about growth against their inflation goals, but not until inflation is clearly heading …
Fed doesn’t set policy in global vacuum: Mester
(Reuters) – The Federal Reserve takes into account global factors like the strength of the dollar as it sets interest rates, though it ultimately makes …
Fed’s Mester: with inflation high, better to act “aggressively”
By Ann Saphir (Reuters) – With inflation “unacceptably high,” the Federal Reserve should lift rates higher and keep policy restrictive for some time, Cleveland Fed …
Fed’s Mester warns high rents mean inflation may not yet have peaked
(Reuters) – The high cost of rental accommodation in the United States has not yet fully filtered through to inflation measures, suggesting inflation may still …
Fed’s Mester: interest rates need to rise ‘somewhat above’ 4%
(Reuters) – The U.S. Federal Reserve will need to raise interest rates somewhat above 4% by early next year and then hold them there in …
Fed’s Mester: no ‘lean’ on size of Sept rate hike, depends on inflation
By Ann Saphir and Howard Schneider JACKSON HOLE, Wyo. (Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Saturday said she would base her …
Fed’s Mester sees rates above 4%, says Powell speech ‘strong’ – BBG TV
(Reuters) – Cleveland Federal Reserve President Loretta Mester on Friday said she thinks the U.S. central bank needs to lift interest rates above 4% and …
Fed’s Mester says she needs to see ‘several months’ of inflation easing
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester reiterated on Thursday that she will need to see several months of inflation coming back down …
Fed’s Mester: Some risk longer-term inflation expectations continue to rise
By Lindsay Dunsmuir (Reuters) – There is risk in the United States that businesses and households could see price pressures persisting for a long time …
Fed’s Mester backs 75 bps hike in July if economic conditions remain same – CNBC
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester told CNBC on Wednesday if economic conditions remain the same, she will advocate for a 75 …
Fed’s Mester: more rate hikes ahead in ‘painful’ battle with inflation
(Reuters) – The Federal Reserve needs to raise rates by a half-of-a-percentage point at each of its next two meetings, and then assess if inflation …
Fed’s Mester: Need “several months” of inflation moving down to call the peak
WASHINGTON – Inflation will need to move lower for “several months” before the Federal Reserve officials can safely conclude it has peaked, Cleveland Fed president …
Mester: MBS sales could mean market losses for Fed
By Howard Schneider AMELIA ISLAND, Fla. – If the Federal Reserve sells any of its holdings of mortgage backed securities it may have to do …
Fed’s Mester: Will need “compelling” drop of inflation to slow rate hikes
By Howard Schneider AMELIA ISLAND, Fla. – Inflation will need to show a “compelling” slowdown before the Federal Reserve can consider pausing its interest rate …
Fed’s Mester: road ahead will be bumpy for economy in inflation fight
(Reuters) – The U.S. economy will experience turbulence from the Federal Reserve’s efforts to bring down inflation running at more than three times above its …
Fed’s Mester wants ‘methodical’ rate hikes, not giant ones
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Friday pushed back against market expectations that the Fed will use outsized hikes to help …
Fed’s Mester says it’s ‘imperative’ to get inflation down
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Thursday pushed back against the idea that by raising interest rates the Fed is prioritizing …
Fed aims to bring elevated inflation under control: Mester
(Reuters) – The Federal Reserve’s aim is to raise rates quickly enough to bring down inflation without pushing the U.S. economy into recession or damaging …
Cleveland Fed’s Mester says inflation elevated through 2023 but trajectory will fall – CBS
WASHINGTON – Inflation will remain high this year and next even as the Fed moves steadily to lower the pace of price increases, Cleveland Fed …
Fed’s Mester calls for frontloading rate hikes, sees rise to 2.5% in 2022
By Ann Saphir – Cleveland Federal Reserve Bank President Loretta Mester on Tuesday said she would like to raise interest rates to about 2.5% by …
Fed’s Mester says situation in Ukraine will be considered for monetary policy
By Jonnelle Marte – The conflict unfolding in Ukraine could have an effect on the U.S. economy in the medium term and should be factored …
Fed’s Mester says case for half-percentage-point rate hike in March not compelling
By Jonnelle Marte -The Federal Reserve will have to move faster than it has in the past to remove accommodation and tame inflation that is …
Fed’s Mester says she doesn’t see compelling case to start with 50 bps rate hike
NEW YORK – It is time for the Federal Reserve to start removing accommodation and raising interest rates, but it is not necessary for the …