Fed’s Mester: Strong economy justifies at least two more rate hikes in 2018 – WSJ

By | July 12, 2018

Cleveland Fed President Loretta Mester, as quoted in a report published in the Wall Street Journal, said that solid US economic growth, low unemployment and stable inflation justifies continued interest rate increases.

Key quotes:

   •  The economy can certainly handle two more rate hikes this year.
   •  Would end up getting behind if we don’t move things up.
   •  The Fed is expected to raise rates to 3% to reach a neutral level.
   •  The Fed is very near its goals.
   •  Doesn’t believe that the Fed could afford to wait to see if inflation moves higher before raising rates.

Powered by WPeMatico