Today news
About the same in other media
Fed’s Mester Says More Rate Rises are Needed Amid Inflation Surge
Reading now: 840
Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that she doesn’t expect the economy to fall into recession, but risks of that happening are rising, in a speech in which she stressed that the U.S. central bank needs to press forward with increasing its short-term interest rate target.
“I do not believe the U.S. economy is currently in a recession because the labor market is so strong,” Ms. Mester said at a virtual event held by Market News International. But she added, “I do believe that the risks of recession over the next two years have moved up” due to tightening financial conditions, high inflation around the world and Russia’s war on Ukraine.
Read more on wsj.comAbout this in other media
Crypto Exchange Kraken Has No US US Securities And Exchange Commission Registration Plans, Says Incoming CEO ndtv.com /2 years ago
Mahsa Amini: Protester death toll rises amid unrest in Iran over woman's death in police custody euronews.com /2 years ago
Sweden's central bank launches 100 basis point rate hike, says 'inflation is too high' cnbc.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
