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The Federal Reserve may raise interest rates under appropriate circumstances

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2024-05-20 18:43:47
Fed Mester said that monetary policy is restrictive; the economy in Quarter 1 is stronger than I expected; restrictive policies have moderated the labor market; inflation risks remain tilted to the upside; the latest CPI data is welcome, but still too high; inflation is still expected to decline; rate hikes are possible under appropriate circumstances, but not in the benchmark scenario; there is reason to believe that the neutral rate is higher than in the past; expectations of three rate cuts in 2024 are not considered appropriate.
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