<p>Federal Reserve Bank of Cleveland President Loretta Mester spoke on Tuesday US time:</p><p><a href="https://www.forexlive.com/centralbank/feds-mester-biggest-policy-risk-is-that-fed-doesnt-hike-rates-enough-20221011/" target="_blank" data-article-link="true">Fed's Mester: Biggest policy risk is that Fed doesn't hike rates enough</a></p><p><a href="https://www.forexlive.com/centralbank/more-from-feds-mester-cant-say-how-far-balance-sheet-will-need-to-shrink-20221011/" target="_blank" data-article-link="true">More from Fed's Mester: Can't say how far balance sheet will need to shrink</a></p><p>More still:</p><ul><li>Federal Open Market Committee (FOMC) needs to do more because inflation hos not slowed down</li><li>Officials at the Fed are in alignment on where policy needs to go</li><li>Need to keep raising rates until we hit positive real rates</li><li>Fed is keeping an eye on financial markets as we hike rates</li><li>At present markets are functioning</li><li>Fed should stick to its strategy for balance sheet runnoff</li></ul>
This article was written by Eamonn Sheridan at forexlive.com.
Source link
