[stock_market_widget type="clock-markets" template="analog" timezone="America/New_York" title="New York" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Europe/London" title="London" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Europe/Brussels" title="Brussels" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Asia/Hong_Kong" title="Hong Kong" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Asia/Tokyo" title="Tokyo" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Australia/Sydney" title="Sydney" style="font-size: 7px; width: 100px;"]

Economic news

Fed’s Mester says it will take 2 years until inflation falls to 2% target

06/19/2022

Less than a minute

2022.06.19 18:41

Fed's Mester says it will take 2 years until inflation falls to 2% target
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.

Source

06/19/2022

Less than a minute