Inflation is moving up and the economy is on sound footing, Federal Reserve Bank of Cleveland President Loretta Mester said, advocating an interest-rate increase. Monetary policy cannot be expected to boost productivity, she said.
Inflation is moving up and the economy is on sound footing, Federal Reserve Bank of Cleveland President Loretta Mester said, advocating an interest-rate increase. Monetary policy cannot be expected to boost productivity, she said.