Federal Reserve's Loretta Mester, in a Bloomberg interview, expressed the need for more confidence in inflation. She mentioned her economic projections aligning with the median SEP projection and emphasized the expectation of not reaching 2% inflation until 2026.
Fed's Mester: probably won't get to 2% inflation until 2026
MESTER: POLITICS DOESN'T ENTER THE ROOM AT FOMC MEETINGS MESTER: "PROBABLY WON'T GET TO 2% INFLATION UNTIL 2026" And by then the Fed's dot plot expects 5 rate cuts. All you need to know about the "inflation target"
MESTER: "PROBABLY WON'T GET TO 2% INFLATION UNTIL 2026"
Fed's Mester Says Still Work To Do To Gain Confidence In Inflation - Bloomberg Interview - Median SEP Projection Close To Mine For Economy - Want A Few More Months Of Similar Inflation Data - Says Probably Won't Reach 2% Inflation Until 2026
FED'S MESTER: "PROBABLY WON'T GET TO 2% INFLATION UNTIL 2026"
FED'S MESTER: PROBABLY WON'T GET TO 2% INFLATION UNTIL 2026
🔴 FED'S MESTER: WE PROBABLY WON'T GET TO 2% INFLATION UNTIL 2026.