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Fed's Mester Backs 75 Bps Hike in July If Economic Conditions Remain Same

Reuters2022-06-29

Cleveland Federal Reserve Bank President Loretta Mester told CNBC on Wednesday if economic conditions remain the same, she will advocate for a 75 basis points (bps) hike in interest rates at the U.S. central bank's next monetary policy meeting in July.

July's meeting will likely involve a debate among Federal Open Market Committee $(FOMC)$ policymakers over whether to opt for 50 bps or 75 bps, Mester said in an interview to CNBC.

"If conditions were exactly the way they were today going into that meeting — if the meeting were today — I would be advocating for 75 (bps) because I haven't seen the kind of numbers on the inflation side that I need to see in order to think that we can go back to a 50 (bps) increase," she said.

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Comment22

  • Bspn
    ·2022-07-01
    Ok
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  • EdmundChik
    ·2022-06-30
    Will raising interest rates can really curb inflation?
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  • Looyusooi
    ·2022-06-30
    Ok 
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  • Sigit waloyo
    ·2022-06-30
    Nice
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  • T202311701
    ·2022-06-30
    Ooooo
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  • Bspn
    ·2022-06-29
    Ok
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  • Cherry16
    ·2022-06-29
    Cool
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  • 来人
    ·2022-06-29
    Ok
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  • ppp00
    ·2022-06-29
    Please help to like 
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  • Tiggerrific
    ·2022-06-29
    Oh
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  • Steven Tay
    ·2022-06-29
    Ok
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  • ycwoo
    ·2022-06-29
    Like
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  • Garfield_id
    ·2022-06-29
    Into... United states of argentina  ..... 
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  • Paggie
    ·2022-06-29
    Reply
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  • Bluem
    ·2022-06-29
    Like
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  • 来人
    ·2022-06-29
    Ok
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  • Alpha Investing
    ·2022-06-29
    Weak. Should just hike 2% and get it done and over.
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  • Veldora
    ·2022-06-29
    75 bps doesn't help with a socialism policy Bybiden. Give money to poor so they don't work. 
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  • DennisMe
    ·2022-06-29
    Ok
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  • Fatfish
    ·2022-06-29
    Again and again. But is it useful?
    Reply
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