Bloomberg Talks
Former Cleveland Fed President Loretta Mester Talks the Economy
Aug 23, 2024
Loretta Mester, the former President of the Federal Reserve Bank of Cleveland, shares her insights on the current economic landscape. She discusses the delicate balance between managing inflation and supporting a stable labor market, highlighting a recent decline in inflation to 2.5%. Mester delves into the effects of technology on productivity and the challenges of communication in monetary policy. She also addresses the complexities of post-pandemic inflation dynamics and the need for equitable growth amidst a booming real estate market.
12:29
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Quick takeaways
- Loretta Mester highlights the robust labor market and anticipated decline in inflation towards 2%, suggesting a stable economic foundation.
- Mester emphasizes the Fed's role in maintaining macroeconomic stability, distinguishing it from fiscal policies aimed at wealth redistribution.
Deep dives
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