Fed's Mester sees rate cuts likely this year, if estimates reached - Breaking The News

Fed's Mester sees rate cuts likely this year, if estimates reached

7 March

1 min read

EPA/MATTHEW CAVANAUGH

Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that interest rate cuts will likely happen later this year if the "economy performs as anticipated" and it meets forecasts.

Speaking in a video conference with the European Economics and Financial Centre, Mester stressed that she expects the central bank will be able to go into an easing monetary policy "gradually."

The policymaker added that the bank would make a "bigger mistake" by moving "rates down too soon or too quickly without sufficient evidence that inflation is on a sustainable and timely path back to 2."

fed mester

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