Fed’s Mester: Recent inflation data is welcome news

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Fed’s Mester: Recent inflation data is welcome news

Seeing tentative signs that inflation rises are stabilizing; not calling a peak Expects Fed to hike by more than its median forecastIt will take time

  • Seeing tentative signs that inflation rises are stabilizing; not calling a peak
  • Expects Fed to hike by more than its median forecast
  • It will take time for inflation to ebb

Mester spoke on Bloomberg TV.

The Fed is going to spend the next month pushing back against the bond market. We’ll see who wins but the bond market is showing a lot of confidence so far.

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