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MNI: Fed’s Mester - Rising Inflation Risks To Delay Cut Timing

(MNI) WASHINGTON

Recent data indicate risks to inflation side of Fed's dual mandate have risen, the Cleveland President says.

Rising risks to the inflation outlook mean it will take longer for Federal Reserve officials to gain the confidence they need to begin reducing interest rates, Cleveland Fed President Loretta Mester said Thursday.

April inflation figures broke a streak of hotter-than-expected numbers and were greeted with relief in financial markets, though Mester did not appear so comforted.

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Rising risks to the inflation outlook mean it will take longer for Federal Reserve officials to gain the confidence they need to begin reducing interest rates, Cleveland Fed President Loretta Mester said Thursday.

April inflation figures broke a streak of hotter-than-expected numbers and were greeted with relief in financial markets, though Mester did not appear so comforted.

Keep reading...Show less