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Fed’s Mester says she has hope that inflation can be brought down without a recession
Finance

Fed’s Mester says she has hope that inflation can be brought down without a recession

February 24, 2023 admin-dominor



In a CNBC interview, Mester said she sees the central bank's benchmark interest rate having to rise above 5% and stay there for a while.



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  • Key Fed inflation measure rose 0.6% in January, more than expected
  • As emergency savings drop and credit card debt rises, an ‘ugly stew is brewing,’ warns advocate

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