In an interview with the Financial Times, the President of the Federal Reserve Bank of Cleveland, Loretta Mester made hawkish comments, suggesting the Fed should bet on a June rate hike.
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“I really don’t see a compelling reason to pausethat is, wait for more evidence to decide what to do.”
“I would rather see a compelling reason to go up [las tasas]… and then hold out for a while until there is less uncertainty about where the economy is going.”
“The only reason to skip a rate hike when it’s clear further tightening is necessary would be extreme market volatility or some other shock.”
“Simply I think we may have to go further“.
“In this point, I don’t necessarily see a compelling reason why we wouldn’t want to take another small step to counter some of those really entrenched and stubborn inflationary pressures.”
“Debt ceiling deal removes “a huge chunk of uncertainty” on the American economy.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
