Fed’s Mester: Not Yet Thinking About Adjusting Monetary Policy

Cleveland Federal Reserve President Loretta Mester said on Tuesday that she is not yet thinking about adjusting monetary policy and added that she’d like to see further progress on employment, as reported by Reuters.

“When the time comes, the Fed should start with the tapering model used after last recession and adjust if needed.”

“The Fed should be methodical in approach to tapering and communicate with the public to avoid surprises.”

“We have seen inflation expectations move up but not to levels that are concerning.”