Skip to main content

President Mester: Ukraine crisis heightens need to rein in inflation

The Russian invasion of Ukraine increases the possibility that high inflation might continue, heightening the urgency of Fed efforts to bring it under control, President Mester said in a March 3 interview with CNBC's Steve Liesman.

"It really increases the risk of high inflation becoming embedded in the U.S. because it could lead to higher long-run inflation expectations," Mester told Liesman.

Watch the interview.

Upcoming EventsSEE ALL