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- Cleveland Fed president Mester supports November taper that concludes in H1 2022
Cleveland Fed president Mester supports November taper that concludes in H1 2022
- Sees conditions for rate liftoff met by the end of 2022
- Says inflation risks on the upside exceed those on the negative
- Inflation will be a little more than 2% over the next couple of years
- Sees 5.5% GDP growth this year and 3.75-4.0% growth next year
- Sees unemployment around 4.75% at the end of this year and 4.0% at the end of 2022
- After liftoff, we'll need accommodative policy for a little while
- I support starting to dial back our purchases in November and concluding them over the first half of next year
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