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Mester Reiterates Inflation Concerns

FED

Cleveland Fed Pres Mester didn't provide much new info on her view of current monetary policy in brief introductory remarks at an inflation-focused event.

  • Quoted by Bloomberg: "With the reopening of parts of the economy, we're all experiencing supply disruptions that are raising prices, and they are, again, raising inflation concerns. And the real issue is, is that higher prices going to lead to a continuous rise in inflation".
  • As we indicated in our 0805ET note ("Sounding Out The Hawks"), Mester had already made it clear that she believed the Fed had already achieved the inflation portion of "substantial further progress". Wednesday's more extended comments by KC's George will bear closer scrutiny.
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