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Fed’s Loretta Mester Sees Need for Aggressive Rate Hikes at Next Two Meetings
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Federal Reserve Bank of Cleveland President Loretta Mester said she favors continued aggressive interest-rate increases at the central bank’s next two policy meetings.
“Given economic conditions, ongoing increases in the fed-funds rate are called for,” Ms. Mester said in a speech text Thursday. “Unless there are some big surprises, I expect it to be appropriate to raise the policy rate another 50 basis points at each of our next two meetings.”
Read more on wsj.comAbout this in other media
Stock markets plunge again as flurry of interest rate hikes fuels recession fears theguardian.com /2 years ago
Bitcoin, Ethereum Struggle a Day After Fed's Record Rate Hike as Analysts Hope for a Bounce cryptonews.com /2 years ago
Here's everything the Fed is expected to announce, including the biggest rate hike in 28 years cnbc.com /2 years ago
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