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Federal Reserve's Mester: Policy Rate May Need to Be Adjusted If Labor Market Risks Worsen
BlockBeats News, August 23rd, Mohamed El-Erian of the Federal Reserve stated that the focus should be on the entire interest rate path, not just on the rate decision of a particular meeting. Inflation has been above the target level, with ongoing risks present. The next employment report may be sufficient to prove the need for a rate cut, or it may not, depending on the specific content of the report. The Fed's policy will be moderately tightened. More data is needed, and the rate outlook will continue to be adjusted until the September meeting. Risks in the labor market are increasing but have not yet materialized. It is expected that the inflationary effects of tariffs will gradually fade. The rate path may include a pause in rate cuts. If labor market risks escalate, the policy rate may need to be adjusted. (FX678)
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