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President Mester Interviewed by Reuters

12.05.14

December 5, 2014—Cleveland Fed President and CEO Loretta J. Mester commented on Federal Reserve communications and her outlook on the economy in a Reuters interview.

Fed needs to acknowledge rate hikes are coming: Mester

Headlines

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    Lucas Misera

    When living on the “wrong” side of a road can make a world of a difference, the proactive and hyper-local work of community development practitioners is essential for sparking change. Read More

  • Proposed Solutions for Breaking the Cycle of Poverty

    Adiah Bailey

    How can we minimize the barriers that trap people in the cycle of poverty? The answer, at least in part, is a combination of providing access to resources and transportation. Read More

  • Cyclical versus Acyclical Inflation: A Deeper Dive

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    This Commentary builds on recent research separating the components of overall inflation into cyclical and acyclical categories, but it does so at a finer level of disaggregation than previous analyses to understand recent inflation developments in the two categories. The inflation rate among cyclically sensitive subcomponents, which comprise roughly 40 percent of overall core PCE inflation, has generally continued to firm in recent years in line with a strengthening labor market and has returned to near pre-Great Recession levels. By contrast, the inflation rate among the acyclical subcomponents remains subdued. A modest firming in acyclical core PCE inflation to a more normal level, combined with ongoing strength in the labor market, would be enough to return core PCE inflation to 2 percent within approximately one year. Read More

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