Fed's Mester: We are starting to see inflation move down again after stalling

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Fed's Mester: We are starting to see inflation move down again after stalling

• You can see our policy affect the economy, cited housing, growth and labor market
• The question is whether it's sufficiently restrictive
• We are seeing the labor market coming into better balance
• I would want to see 'a few more months' of better inflation data
• At some point you need to worry about the other side of the mandate
• It's important not to wait too long to cut rates
• I'm pretty confident the committee is doing good work (and won't miss the turn in the economy)
• I can tell you that in 39 years, politics doesn't come into that room

Mester is set to retire next month so her comments about a 'few months' more of data ring a bit hollow. That said, they certainly represent the vast majority of Fed officials who want to see more data.

                This article was written by Adam Button at www.forexlive.com.

Source: Fed's Mester: We are starting to see inflation move down again after stalling

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