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Fed's Mester Indicates No Support for Rate Cut, Emphasizes High Inflation

Summary: According to sources, Cleveland Fed President Mester stated that she would not support a rate cut if Fed officials were to make a policy decision tomorrow. She highlighted the current high level of inflation, which has been on the rise over the past year. Mester acknowledged concerns in the labor market but believes maintaining a ...

According to sources, Cleveland Fed President Mester stated that she would not support a rate cut if Fed officials were to make a policy decision tomorrow. She highlighted the current high level of inflation, which has been on the rise over the past year. Mester acknowledged concerns in the labor market but believes maintaining a stance of moderate tightening is crucial to bring inflation back to target levels.

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