Fed's Mester Wants More Data Before Cutting Three Times in 2024
Tuesday, 2 April 2024, 18:20
Fed's Mester on Interest Rates
Federal Reserve Bank of Cleveland President Loretta Mester stated that she requires more evidence of inflation trends before any interest rate adjustments in 2024.
Inflation Trend Alignment
Recent figures indicate that the data align with Mester's expectations of slower progress on price growth.
Importance of Evidence-Based Decisions
Mester's cautious approach underscores the significance of data-driven decision-making in 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.