Economic news
Fed’s Mester says it will take 2 years until inflation falls to 2% target
2022.06.19 18:41
FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. REUTERS/Lucas Jackson/File Photo
WASHINGTON (Reuters) – Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to come down to the central bank’s 2% target.
“It isn’t going to be immediate that we see 2% inflation. It will take a couple of years but it will be moving down,” Mester said in an interview with CBS News on Sunday.
