Monday, January 28, 2019

Fed Mester We need to further

Fed Mester: We need to further increase rates


- He expects that in 2018 economic growth will exceed 2%, while inflation over the next year or about these terms will return to the target level of 2% on a sustainable basis
- The Federal Reserve should start reducing the size of its balance sheet this year
- A sustainable economy will require further rate hikes

Recall that Mester is considered a hawk, and in 2018 will have a say in the composition of FOMC



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