Fed's Mester: Fed aimd to reduce policy accommodation at pace necessary to control inflation

Cleveland Fed President and FOMC member Loretta Mester said on Thursday that the Fed aims to reduce policy accommodation at the pace necessary to control inflation whilst also sustaining economic activity, reported Reuters.

Mester added that the Fed aims to bring demand into better balance with supply, whilst also sustaining the health of the labour market. The US labour market is very tight, she added, commenting also that inflation is very elevated. 

Market Reaction

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