#youtube #inflation #interestrates
This segment originally aired on April 20, 2023.
Cleveland Fed President Loretta Mester spoke with Yahoo Finance’s Jennifer Schonberger for a wide-ranging exclusive interview ahead of the FOMC’s upcoming May meeting.
Subscribe to Yahoo Finance:

About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit:

Connect with Yahoo Finance:
Get the latest news:
Find Yahoo Finance on Facebook:
Follow Yahoo Finance on Twitter:
Follow Yahoo Finance on Instagram:
Follow Yahoo Finance Premium on Twitter: …(read more)

BREAKING: Recession News

LEARN MORE ABOUT: Bank Failures

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

Loretta Mester, the President of the Federal Reserve Bank of Cleveland, recently spoke about various economic issues facing the United States at an event in Montreal. Mester discussed topics such as inflation, recession concerns, interest rates, and more.

One of the primary points that Mester made in her speech was about inflation. She stated that she expects inflation to rise to the Fed’s target level of 2% in the coming year, due to a strong labor market and growing economy. However, she noted that there are risks that could limit the Fed’s ability to control inflation, such as uncertainty around global trade policy and geopolitical tensions.

Mester also addressed concerns about a potential recession, stating that she does not see any evidence of an imminent downturn at this time. She noted that the U.S. economy is currently operating at near full employment and that there are still positive signs of growth in many sectors. However, she acknowledged that several risks exist that could cause a recession, such as trade policy uncertainty, slowing global growth, and financial imbalances.

Another key topic that Mester discussed was interest rates. She stated her belief that the current gradual approach to raising rates is appropriate given the current economic conditions. However, she noted that the Fed will continue to be data-dependent in making future rate decisions, and will adjust policy as needed based on incoming economic data.

Mester also commented on the ongoing debate around the use of unconventional policy tools, such as negative interest rates or large-scale asset purchases, in the event of a future recession. She suggested that while these tools may be useful in specific circumstances, they should not be relied upon as the primary tool for managing the economy, and that more emphasis should be placed on pursuing policies that promote long-term growth and stability.

Overall, Mester’s speech touched on many of the key economic issues facing the United States today. While acknowledging challenges and risks, she expressed optimism about the overall health of the economy and emphasized the importance of data-driven decision making in guiding future policy actions.