Fed’s Mester: Rate hikes start to dampen US inflation | Idaho BusinessOverview

January 19, 2023

A rising physique of proof that prime inflation is lastly easing reveals that the Federal Reserve’s sharp hike in rates of interest is working as meant, says Loretta Mester, one of many Fed’s key policymakers. But additional charge hikes are nonetheless wanted, she says, to decisively quell the worst surge in inflation in 4 a long time. “We are starting to grasp what actions we want …

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