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Mester Reaffirms Hawkish Stance

FED

The NY-Asia crossover saw Cleveland Fed President Mester (’22 voter) deliver her usual brand of hawkish rhetoric via a BBG interview, as she stressed that the central bank needs to do more to combat inflation, underscoring her support for the scheduled balance sheet rundown, while reiterating the need for positive real rates. She also highlighted broad alignment amongst officials re: where policy needs to go.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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