Fed's Mester Highlights Risks of Hasty Rate Reductions

Tuesday, 2 April 2024, 16:09

Cleveland Fed President, Loretta Mester, emphasized the potential downsides of premature rate cuts, describing them as a 'bigger risk'. Mester's comments come amidst growing speculation about the direction of monetary policy.
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Fed's Mester Highlights Risks of Hasty Rate Reductions

Cleveland Fed's Mester Warns Against Premature Rate Cuts

Cleveland Fed President, Loretta Mester, has issued a strong warning against rushing into rate cuts, stating that the 'bigger risk' lies in taking such actions too soon. Mester's remarks add an insightful perspective to the ongoing debate surrounding monetary policy.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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