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Fed’s Loretta Mester Sees Need for Aggressive Rate Hikes at Next Two Meetings
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Federal Reserve Bank of Cleveland President Loretta Mester said she favors continued aggressive interest-rate increases at the central bank’s next two policy meetings.
“Given economic conditions, ongoing increases in the fed-funds rate are called for,” Ms. Mester said in a speech text Thursday. “Unless there are some big surprises, I expect it to be appropriate to raise the policy rate another 50 basis points at each of our next two meetings.”
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