Cleveland Fed President Loretta Mester commented in a speech on Monday that the Federal Reserve has achieved significant advancements in addressing disinflationary pressures. However, she acknowledged that the inflation rate continues to exceed the targeted 2%. Inflation for January and February was more stubborn than in the second half of last year, the challenging and fluctuating nature of the disinflationary process.
Mester also mentioned that she had adjusted her forecast for economic expansion this year to slightly surpass 2%. Moreover, she anticipated that the labor market would experience elevated levels of unemployment. Additionally, Mester informed that she adjusted her perspective on the longer-term federal funds rate during the FOMC meeting, revising it to 3% from her previous projection of 2.5%.
"If we decrease interest rates prematurely or rapidly, without substantial evidence to assure us that inflation is steadily and promptly moving towards 2%, there is a danger of reversing the strides we have made in controlling inflation," stated Mester. She further emphasized, "Currently, I believe the greater risk lies in initiating a reduction of the funds rate too soon." The Federal Reserve is not anticipated to gather sufficient confidence to determine rate cuts during the upcoming FOMC meeting, However, circumstances could potentially shift during the June meeting.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
喜欢的话，赞赏支持一下
加载失败()