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Tag: Mester

Fed’s Mester wants ‘much more evidence’ that inflation has been defeated

Cleveland Federal Reserve President Loretta Mester said Thursday that this week's news showing lower levels of inflation isn't enough to convince her that the central bank has won its battle against higher prices."We're making progress on inflation, discernible progress. We need to see...

Cleveland Fed launches search for new leader after Loretta Mester leaves

The Cleveland Federal Reserve launched a search Wednesday for its new leader, after current President Loretta Mester retires in mid-2024.Often one of the central bank's bigger proponents for tighter monetary policy, Mester, 65, will reach mandatory retirement as she will have served in...