The President of the Federal Reserve Bank of Cleveland, Loretta Masterreiterated on Tuesday that reducing inflation remains essential for the US central bank.
Given the high levels of inflation, restoring price stability remains the number one objective (of the Federal Open Market Committee) and we are committed to using our tools” to return inflation to the 2% target, Mester said.
He did not comment on the outlook for monetary policy.
Mester said that wage increases are clearly on the rise, though he added that in most cases they remain below inflation, suggesting that worker compensation is not a key driver of inflation.
He also stated that the inflation expectations readings remain stable.
hartford car insurance shop car insurance best car insurance quotes best online car insurance get auto insurance quotes auto insurance quotes most affordable car insurance car insurance providers car insurance best deals best insurance quotes get car insurance online best comprehensive car insurance best cheap auto insurance auto policy switching car insurance car insurance quotes auto insurance best affordable car insurance online auto insurance quotes az auto insurance commercial auto insurance instant car insurance buy car insurance online best auto insurance companies best car insurance policy best auto insurance vehicle insurance quotes aaa insurance quote auto and home insurance quotes car insurance search best and cheapest car insurance best price car insurance best vehicle insurance aaa car insurance quote find cheap car insurance new car insurance quote auto insurance companies get car insurance quotes best cheap car insurance car insurance policy online new car insurance policy get car insurance car insurance company best cheap insurance car insurance online quote car insurance finder comprehensive insurance quote car insurance quotes near me get insurance