Central Banks
Fed’s Mester Says ‘Everything’ on the Table for June Rate Action
- Cleveland Fed chief says ‘more work to do’ to cool prices
- Says she will assess upcoming readings on jobs, CPI closely
Loretta Mester
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve Bank of Cleveland President Loretta Mester said she wouldn’t rule out raising interest rates again next month after disappointing progress on inflation.
“Everything is on the table in June,” Mester, who doesn’t vote on rate decisions this year, said Friday in an interview on CNBC. “Inflation is still too high and it’s stubborn.”