Fed's Mester: Right now the Fed needs to be focused on getting inflation down, not jobs

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Fed's Mester: Right now the Fed needs to be focused on getting inflation down, not jobs

<p>Federal Reserve Bank of Cleveland President Loretta Mester:</p><ul><li> I believe unemployment will go up a little bit</li><li>I don't think we can count on a big surge in labor force participation</li><li>Right now focused on inflation part of the fed's mandate</li><li>We have to be singularly focused on inflation</li><li>Getting inflation down is job one</li><li>we have more work to do to get inflation on path to 2%</li><li>I have not seen evidence that markets aren't working in the US</li><li>Market conditions are tightening, which is expected as rates rise</li><li>We will need to have real rates turn positive and stay there for a while to bring down inflation</li></ul><p>---</p><p>There is nothing here from Mester that departs from what we have heard from other fed officials on the Fed raising rates. </p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Fed's Mester: Right now the Fed needs to be focused on getting inflation down, not jobs

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