© Reuters. US Fed member Meester calls for a continuation of interest rate hikes above this range!
Arabictrader.com – A member of Loretta Mester said, during a press interview yesterday evening, Wednesday, that the bank’s tightening of monetary policy, which necessitated a significant increase over the past months; Has begun to significantly curb high inflation in the United States.
The US Federalist also touched on several points, the most important of which are:
-
We’re starting to see the kind of actions that we need to see.
-
There are clear signs that things are moving in the right direction. Which explains the most important features of monetary policy trends during the coming period.
-
Meester stated the need to continue raising the key interest rate by the US Federal Reserve above the expected range of 5% – 5.25%.
It should be noted that US Federal Reserve Governor Jerome Powell previously stated, on the sidelines of the Riksbank International Symposium on the Independence of Central Banks, that the US Federal Reserve’s independence from political actors is crucial for the bank to be able to combat high inflation, noting that it is scheduled to issue an interest rate decision. Next is the US Federal Reserve on the 1st of February.
