Fed’s Mester: No ‘compelling’ reason to wait for fresh rate rise – FT

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Fed’s Mester: No ‘compelling’ reason to wait for fresh rate rise – FT
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Fed’s Mester: Mo ‘compelling’ reason to wait for fresh rate rise – FT Fed CentralBanks InterestRate DollarIndex

In an interview with the Financial Times, Cleveland Federal Reserve Bank President, Loretta Mester, delivered hawkish comments, suggesting that the“I don’t really see a compelling reason to pause — meaning wait until you get more evidence to decide what to do.”

“The only reason for skipping a rate increase when it is clear more tightening is necessary would be extreme market volatility or some other shock.”“At this point, I don’t really necessarily see a compelling reason that we wouldn’t want to take another small step to counter some of that really embedded, stubborn inflationary pressure.”is testing intraday highs near 104.40 on Mester’s comments, up 0.18% on the day.

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