Fed's Mester: Need to hike policy rate to over 5% and hold there for a while – by eren_fxstreet Fed CentralBanks
"Fed will need to hike policy rate to over 5% and hold there for a while.""Extent of future Fed rate rises depends on how economy performs.""Watching to see impact of tighter financial conditions on economy.""Stresses in banking sector have eased but Fed will act if needed.""Expecting inflation to ease to 3.75% this year."These comments don't seem to be having a significant impact on the USD's performance against its major rivals.
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