Cleveland Fed President to Consider ‘All Options’ at June FOMC – Bloomberg

2023-05-26 16:00:00

Cleveland Federal Reserve Bank President Loretta Mester said on Thursday that the Federal Open Market Committee (FOMC) meeting in June would not rule out raising interest rates after inflation has not progressed as expected.

“At the June meeting, all options will be on the agenda,” Mester said in an interview with CNBC. “Inflation is still too high and it will take time to come down,” he said. He will not have voting rights at this year’s FOMC meeting.

“The data released this morning suggested that our work was far from done,” Mester said.

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