Abstract:Fed's Mester says it will take 2 years until inflation falls to 2% target
Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to come down to the central bank's 2% target.
“It isn't going to be immediate that we see 2% inflation. It will take a couple of years but it will be moving down,” Mester said in an interview with CBS News on Sunday. For more forex news, please download WikiFX - the Global Dealer Regulatory Inquiry APP.
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