Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York on Nov. 18, 2015. (Lucas Jackson/Reuters) NEW YORK—The Federal Reserve’s conditions for raising interest rates could be met by the end of 2022, Cleveland Fed Bank President Loretta Mester said on Friday, adding that she expects inflation to come back down to the central bank’s target next year.
“I think we’ll see progress in the labor market and progress on inflation coming back down,” Mester said during a virtual panel organized by the Shadow Open Market Committee, […]
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