Fed's Mester Argues for Rate Hikes as Bullard Counsels Patience
- Weak readings on inflation widening policy split on Fed
- Mester shrugs off softening price pressures amid solid demand
Fed Chair Janet Yellen's Press Conference in Two Minutes
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Federal Reserve officials on Friday argued both sides of the debate over how the U.S. central bank should react to a recent downturn in inflation, highlighting a discussion that could determine how many more times its raises interest rates this year and next.
Federal Reserve Bank of Cleveland President Loretta Mester told reporters that four months of softening inflation haven’t changed her outlook for the economy or her preference for continued gradual rate hikes.