Federal Reserve's Mester Questions Forecast of Three Rate Hikes This Year

Monday, 20 May 2024, 18:51

Federal Reserve official Loretta Mester suggests that the prior projection of three rate hikes in 2022 may no longer be suitable, considering recent economic developments. Mester expresses skepticism about the original forecast, hinting at a potential shift in monetary policy moving forward.
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Federal Reserve's Mester Questions Forecast of Three Rate Hikes This Year

Fed's Mester Reevaluates Rate Hike Forecasts

Speaking on Monday, Loretta Mester openly challenges the previously expected three rate hikes for the year, citing recent economic indicators.

  • Reassessing the Situation: Mester expresses reservations about the appropriateness of the prior forecast.
  • Monetary Policy Shift: The Federal Reserve official implies the need for potential adjustments in the number of rate hikes.

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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