Reply To: Core US Inflation Soars to 40-Year High with Food, Medical and Shelter Costs Crippling Households


Cleveland Fed President Mester (FOMC voter) said that the fundamental state of the economy is “still good,” adding that she is unable to say how much the balance sheet needs to be reduced by. She also said that she is troubled by the breadth of inflation and that she is not yet ready to say how big next month’s rate hike should be.