Fed’s Mester says reluctant to consider interest rate hike

Master :

• The Fed is ‘very well placed’ to study the economy before charting rate movements

• She is not willing to consider an interest rate hike
• It was appropriate for the Fed to hold rates steady while waiting for price pressures to ease further.
• It is too early to really conclude that we are at a standstill or that inflation will reverse.
• There are clear signs that the real side of the economy is moderating, which is helping to restore balance to the economy.
• He said measures of long-term inflation expectations appear to be “reasonably well anchored” at levels consistent with the Fed’s 2% target.