Fed Meister: Interest rates should stay high for longer
2024-05-16 18:06:12
Fed Mester said short-term inflation expectations had risen; interest rates should remain high for longer; it was too early to conclude that the inflation pullback had stalled; data showed increased risks to the Fed's inflation target; more price data needed to be collected "in the coming months"; recent data suggested that risks to the job market had diminished; and it would take longer to be confident that inflation was heading back towards 2 per cent.
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