Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday inflation remains too high and stubborn, and that it could take until 2025 to bring it down to the Fed’s 2% target.
Ms. Mester also reiterated the Fed’s resolve to fight inflation while the central bank contends with the fallout of the collapse of Silicon Valley Bank last month.
“The…
Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday inflation remains too high and stubborn, and that it could take until 2025 to bring it down to the Fed’s 2% target.
Ms. Mester also reiterated the Fed’s resolve to fight inflation while the central bank contends with the fallout of the collapse of Silicon Valley Bank last month.
“The…
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