Tuesday, 22 Sep 2020

Fed's Mester says central bank won't let inflation run rampant

NEW YORK (Reuters) – The Federal Reserve will need to keep monetary policy accommodative for a while to support the struggling economy, but policymakers will not let inflation get out of hand, Cleveland Fed Bank President csaid on Wednesday.

“When you’re making policy, you have to look ahead but you also have to make sure you’re not missing some of the risks on either side,” Mester said during a question and answer session of a webinar organized by the NABE Foundation. “It’s important to know that we’re going to not let inflation run rampant.”

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