Several Federal Reserve officials, including Mary Daly, Austan Goolsbee, and Loretta Mester, have warned against prematurely ending the rate-rising cycle despite encouraging inflation data. Daly emphasized the need for a thoughtful approach and not rushing to judgment. Goolsbee noted progress in inflation but stated that the Fed had not yet reached its target. Mester echoed similar sentiments, emphasizing the time required for inflation to return to the central bank's 2% target.
Cleveland Fed President Loretta Mester says that while inflation has cooled, it’ll take time for it to fully return to the central bank’s 2% target https://t.co/c8osJtJY51
Fed's Mester wants 'much more evidence' that inflation has been defeated https://t.co/EiFAKus3e1
Fed’s Mester Says Disinflation Will Take Time, Praises Progress https://t.co/OhIF316GAP
Chicago Federal Reserve President Austan Goolsbee said Tuesday the latest inflation data shows "progress" on a key measure watched by the central bank, but that the Fed was not yet near its target. https://t.co/EHwmwj9FWB
Fed official warns against calling time on rate-rising cycle too soon https://t.co/Y1SfMS9UwN https://t.co/tCctXjnTGM
A top Federal Reserve official is warning that interest rates may not yet have reached their apex in the current tightening cycle despite pauses at its last two meetings. https://t.co/PgTVvsz2FP https://t.co/2KzQhiMhYL
Fed President Daly warns against calling time on rate-rising cycle too soon - FT https://t.co/UeRcoYFNOv https://t.co/AMOpoYLzoS
The @sffed President Daly warns against calling time on rate-rising cycle too soon Encouraged by disinflation progress, but see potential « start-stop » strategy as credibility risk. Real issue imo is lack of forward looking perspective https://t.co/GtytA2K24j @colbyLsmith https://t.co/6Zas9PBrrh
Fed's Daly warns against calling time on rate-rising cycle too soon https://t.co/ZGAsXiSNiV
Speaking with @FT, @MaryDalyEcon says the recent inflation data is "very, very encouraging" but warns against prematurely calling time on the rate-rising cycle The Fed must now be "thoughtful, take our time, not rush to judgment and not make declarations" https://t.co/WlGy710LWy https://t.co/1DdkDykB81
Fed official warns against calling time on rate-rising cycle too soon https://t.co/jMpD68NLKg
🔴 FED OFFICIAL WARNS AGAINST CALLING TIME ON RATE-RISING CYCLE TOO SOON - READ HERE https://t.co/rnVhQxNxAF