Fed’s Collins, Mester Emphasize Need for More Data to Cut Rates
- Mester wants to see ‘few more months’ of inflation coming down
- Collins says there may be more restrictiveness in the pipeline
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Two Federal Reserve officials reinforced a higher-for-longer message on interest rates, emphasizing a need for patience as the central bank waits for more evidence inflation is moving lower.
Speaking on a panel moderated by Atlanta Fed President Raphael Bostic, Cleveland Fed chief Loretta Mester said Tuesday that she wants to see “a few more months of inflation data that looks like it’s coming down” before cutting interest rates.