Mester Says Some Gauges Mitigate Concern Inflation Too Low
This article is for subscribers only.
Loretta Mester, the next president of the Federal Reserve Bank of Cleveland, said some gauges of inflation alleviate concerns that prices are rising too slowly.
A measure of prices that don’t change very often, known as sticky prices, “has been relatively stable around 2 percent,” said Mester, who succeeds Sandra Pianalto as Cleveland Fed president on June 1.