Free Trial
AUSSIE 3-YEAR TECHS

(Z2) Sell-Rallies Theme Intact

AUSSIE BONDS

Firmer To Start, RBA’s Bullock Eyed

BONDS

NZGBs Back The Other Way

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: Positive Fed Real Rates  Needed For Longer, Mester Says

(MNI) WASHINGTON
(MNI)

Cleveland president urges FOMC to guard against complacency on inflation and expectations.

The Federal Reserve will need to hold real interest rates positive for longer to bring inflation back to target, Cleveland President Loretta Mester said Monday.

"High inflation is proving to be more persistent, and more restrictive policy will be needed and for longer to ensure that inflation expectations do not move up and that inflation moves back down," she said at an MIT lecture in Cambridge, Massachusetts.

Keep reading...Show less
338 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The Federal Reserve will need to hold real interest rates positive for longer to bring inflation back to target, Cleveland President Loretta Mester said Monday.

"High inflation is proving to be more persistent, and more restrictive policy will be needed and for longer to ensure that inflation expectations do not move up and that inflation moves back down," she said at an MIT lecture in Cambridge, Massachusetts.

Keep reading...Show less