The President of the Federal Reserve Bank of Cleveland, Loretta Mestersaid on Thursday that he saw a “compelling scenario” for a 50 basis point (bp) rate hike at the latest FOMC meeting, Reuters reported.
Featured Statements
“The Fed has more work to do to control inflation.”
“The Fed will need to break above 5% and stay there for a while“.
“The transition back to price stability will bring some pain.”
“The extent to which the Fed goes above 5% will depend on the data.”
“Upside risks to inflation persist“.
“The Fed’s actions will slow growth and raise unemployment.”
“The CPI data for January shows that there is still a lot to be done to cool inflation.”
“Inflation levels are still too high.”
“The biggest risk is falling short in the effort to control inflation.”
“How far the Fed will go with future hikes depends on inflation.”
“We hope to make good progress in reducing inflation.”
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.
