Fed should review monetary policy framework – Mester

Loretta Mester
Loretta Mester, Federal Reserve Bank of Cleveland

The president of the Federal Reserve Bank of Cleveland has suggested it may be time for the US central bank to review its current monetary policy framework.

Several members of the Federal Open Market Committee had suggested such a review at their last meeting in January, Loretta Mester noted – something “a careful reader” of the minutes might have noticed, she added.

Mester stressed there was nothing “broken” about the Fed’s current monetary policy framework, saying that “the economy has

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