With little or no progress made on bringing inflation down, the Federal Reserve needs to continue raising interest rates, Cleveland Fed President Loretta Mester said Tuesday. “At some point, you know, as inflation comes down, them my risk calculation will shift as well and we will want to either slow the rate increases, hold for … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content NEW YORK — Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday that even with a large amount of rate rises this year, the central bank has yet to get surging inflation under control and will need to press forward with tightening monetary … Read more
Mark Master has been fired from L.A. television station KTLA days after being suspended for openly calling out his bosses for the way they treated co-host Lynette Romero’s departure. According to the Los Angeles Times, KTLA general manager Janene Drafs announced during a meeting in the newsroom that Mester had been fired. The local news … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Ann Saphir and Howard Schneider Article content JACKSON HOLE — Cleveland Federal Reserve Bank President Loretta Mester on Saturday said she would base her decision on whether to back a third straight 75-basis point interest rate hike next month on U.S. inflation data, not the … Read more