Reported about 2 months ago
In a recent interview, former Cleveland Fed President Loretta Mester discussed Jerome Powell's speech at the Kansas City Fed's Jackson Hole symposium, where Powell hinted at an upcoming rate-cutting cycle. Mester believes the Fed should initiate a 25 basis point cut to reduce restrictiveness as inflation approaches the target of 2%. She emphasized that the Fed's cautious approach has kept it ahead of the curve, arguing against starting with larger cuts that might suggest a failure to monitor inflation effectively.
Source: YAHOO