Loretta Mester says the Fed is on track for aggressive rate hikes

Cleveland Federal Reserve Chair Loretta Mester said the U.S. central bank needs to continue its aggressive rate hikes and that by early fall it may be able to determine whether it can slow down or will have to speed up. the deletion process. economic support.

“Given economic conditions, continued increases to the federal funds rate are needed, and unless there are any big surprises, I expect it to be appropriate to raise the policy rate by An additional 50 basis points at each of our next two meetings, “Ms.,” Mester said in a Friday speech text.


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