Federal Reserve's Mester on Inflation, Interest Rates (Full Interview)

The transcript discusses the Federal Reserve's considerations regarding interest rate hikes in response to persistent inflation. It highlights the importance of analyzing economic data, such as retail sales and inflation expectations, to guide policy decisions. The Fed's credibility and communication strategies are emphasized, along with the global economic impact of synchronized rate hikes by central banks. The discussion also touches on the challenges of balancing demand and supply to achieve price stability.

How does the speaker view the relationship between interest rate hikes and inflation expectations?

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What is the speaker's outlook on inflation returning to the target rate of 2%?

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What are the potential consequences of not addressing inflation according to the speaker?

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What role do global central banks play in the context of the Fed's interest rate decisions?

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