Fed’s Mester says next phase is to see how long its policy needs to remain ‘restrictive’ – FT

by Aurelia Butler 18 December 2023, 11:30 139 Views

“The next phase is not when to reduce rates, even though that’s where the markets are at. It’s about how long do we need monetary policy to remain restrictive in order to be assured that inflation is on that sustainable and timely path back to 2%,” Mester told the FT in an interview.

“The markets are a little bit ahead. They jumped to the end part, which is ‘We’re going to normalize quickly’, and I don’t see that.”

(This story has been refiled to say ‘interest rate cuts’ and not ‘interest rate rates’ in paragraph 1)

Source: Economy - investing.com

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Fed’s Mester says next phase is to see how long its policy needs to remain ‘restrictive’ – FT

Cipher Mining Acquires 7.1 EH/s of New Miners and Option to Purchase an Additional 8.7 EH/s of Latest Generation Miners from Bitmain

A year of dodging trade catastrophe, but risks are looming. (Same as last year)

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