The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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From: Smiling Bob	6/29/2022 6:46:41 AM
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Our genius FRB She really thinks fake economic conditions created over the last two decades with trillions in fake money will change that quickly? Fed's Mester backs 75 bps hike in July if economic conditions remain same - CNBC Economy 2 hours ago (Jun 29, 2022 04:31AM ET) 4 © Reuters. FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester speaks in London, Britain, July 2, 2019. REUTERS/Marc Jones/File Photo (Reuters) - 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 cnbc.com 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. Fed's Mester backs 75 bps hike in July if economic conditions remain same - CNBC 4 Comments (4)

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