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MNI BRIEF: Fed's Mester Sees Inflation Staying Modest

(MNI)

Cleveland Fed President Loretta Mester said Wednesday she does not worry about spiking inflation because "the experience of the last expansion shows that there is a lot of structural pressures that keep inflation down."

Mester said monetary policy is "in a good spot now," but added additional fiscal relief is needed to help distribute vaccines. Even when the recovery is moving along, not all industries will come back at once, holding down inflation pressure, she said in the Council for Economic Education event.

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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