Loretta Mester, the president and CEO of the Federal Reserve Bank of Cleveland, appears on CBS Face the Nation to discuss inflation, the economy and monetary policy. Ms Mester is in a tough place, because she cannot admit the influence of federal monetary policy is far outmatched in the era where Joe Biden energy policy is limiting oil and gas development and creating massive inflation.
Mester does admit the supply chain crisis will extend well into 2023, but blows hopeful unicorn wishes by projecting that price inflation will temper by the end of this year. From the perspective that 20 […]
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