Fed’s Mester says not eager to consider interest rates hikes


  • Says Fed in ‘really good place’ to study economy before charting
    rate path
  • She isn’t eager to
    consider interest-rate hikes
  • It was appropriate
    for the Fed to hold rates steady as it awaits evidence that price
    pressures are easing further
  • It’s too early to
    really conclude that we stalled out or that inflation is going to
  • There are definite signs that the real side of the economy is moderating, and that is helping to bring balance back to the economy
  • Says long-run measures of inflation expectations appear to be “reasonably well anchored” at levels consistent with the Fed’s 2% goal

I don’t know about anyone else but when I read Mester is not “eager” to think about further rate hikes I am thinking that’s what she is thinking about. She should just say it. That’d be worth half a rate hike right there.

This article was written by Eamonn Sheridan at www.forexlive.com. Source