The Cleveland Fed president said the Fed hasn't done a very good job of predicting inflation, and it is going to remain challenging.
It is going to be difficult for Federal Reserve officials to discern signal from noise about inflation given all the conflicting supply-and-demand factors influencing prices, Cleveland Fed President Loretta Mester said Monday.
“We have to understand that inflation is going to be continuing to be hard to predict,” Mester said, in a talk at the Massachusetts Institute of Technology. Mester said she was going to be “very cautious” before declaring victory over inflation, which remains at the highest levels in 40 years.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fed's Mester: With inflation high, better to act 'aggressively'Cleveland Fed President Loretta Mester said on Monday that if there is an error to be made, better that the Fed do too much than to do too little. 'Wh
Leer más »
Fed's Collins says economy will slow but a 'significant downturn' is avoidableBoston Fed President Susan Collins, the first Black woman to lead a regional Fed bank, said the goal of avoiding a severe downturn is achievable.
Leer más »
Charting the global economy: Fed headlines concert of rate hikesWhen it comes to copper, big miners and metals traders are warning that in just a couple of years’ time, a massive shortfall will emerge.
Leer más »
Credit card interest climbs due to Fed rate hike, tips to save money as holidays approachFinancial experts suggest using cash as a way to save money after the Fed hikes rates again Wednesday which impacts credit card interest rates.
Leer más »
Fed unsure of economy’s direction as Wall Street meltdown worsensPowell’s latest remarks noting uncertainty ahead come as the Fed’s anti-inflation fight is making slow progress, leaving the institution and its boss vulnerable to criticism over the cost to workers and businesses of continued rate hikes.
Leer más »
Fed rate moves can’t address some price spikesSupply shortages keep pushing some prices higher.
Leer más »