{"id":1779085,"date":"2022-12-18T06:10:09","date_gmt":"2022-12-18T11:10:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1779085"},"modified":"2022-12-18T08:19:50","modified_gmt":"2022-12-18T13:19:50","slug":"cleveland-federal-reserve-bank-president-sees-rates-rising-more-than-policy-makers-are-forecasting","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cleveland-federal-reserve-bank-president-sees-rates-rising-more-than-policy-makers-are-forecasting\/","title":{"rendered":"Cleveland Federal Reserve Bank President Sees Rates Rising More Than Policy Makers Are Forecasting"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcleveland-federal-reserve-bank-president-sees-rates-rising-more-than-policy-makers-are-forecasting%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1779085&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/89d05ef3ab654be246f16582c2b7a963\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<p>By Michael S. Derby<\/p>\n<p>(Reuters) &#8211; Cleveland Federal Reserve bank President Loretta Mester said on Friday that she believes the U.S. central bank will have to raise interest rates higher than the level most policy makers cited in their Fed forecasts this week.<\/p>\n<p>Against the Fed\u2019s projection that the current federal funds rate of between 4.25% and 4.5% will rise to 5.1% next year, Mester said, \u201cI\u2019m a little higher than the median.\u201d She spoke on Bloomberg\u2019s television channel.<\/p>\n<p>&#8220;We need to continue to bring up interest rates into a restrictive stance,&#8221; Mester said. &#8220;We did a lot of work this year&#8221; moving rates up aggressively, she said, adding once the Fed finishes raising rates, it will need to hold them there for &#8220;quite a while in order to get inflation on a sustainable downward path.&#8221;<\/p>\n<p>Mester has been a voting member of the rate setting Federal Open Market Committee this year but will not hold that role next year. On Wednesday, the FOMC raised its target rate by half a percentage point as it continues to work toward lowering the highest levels of inflation seen in decades.<\/p>\n<p>Mester said recent inflation data pointing to moderating price increases is &#8220;good news.&#8221; But she added the data does not yet show that a peak in price pressures has occurred.<\/p>\n<p>(Reporting by Michael S. Derby; Editing by Leslie Adler and Marguerita Choy)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Michael S. Derby(Reuters) &#8211; Cleveland Federal Reserve bank President Loretta Mester said on Friday that she believes the U.S. central bank will have to raise interest rates higher than<\/p>\n","protected":false},"author":1,"featured_media":1779088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[5373,5458,10034,3974,10033,4759,4326,3669,6009,3819,6365,7972],"class_list":["post-1779085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-bank","tag-bongino","tag-cleveland","tag-federal","tag-forecasting","tag-makers","tag-policy","tag-president","tag-rates","tag-report","tag-reserve","tag-rising"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1779085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1779085"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1779085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1779088"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1779085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1779085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1779085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}