Fed

The Fed Fed supports a 75-point increase in July if conditions remain the same

The Fed Fed supports a 75-point increase in July if conditions remain the same

Cleveland Fed President Loretta Mester is taking part in a panel convened to speak on the health of the US economy in New York on November 18, 2015. Lucas Jackson Reuters Cleveland Federal Reserve Bank President Loretta Mester said on Wednesday that if economic conditions remain the same when the US central bank meets to …

The Fed Fed supports a 75-point increase in July if conditions remain the same Read More »

Fed chief says it will take 'several years' for inflation to return to 2%

Fed chief says it will take ‘several years’ for inflation to return to 2%

The risks of a recession are rising and it will take “several years” for inflation to return to the US Federal Reserve’s 2 percent target, Loreta Mester, president of the Cleveland Fed, said on Sunday. “I do not predict a recession,” she said. “The risks of recession are growing, partly because monetary policy could have …

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