Fed's Mester: We must watch out for entrenched higher inflation expectations

Fed's Mester: ‘More Work To Do’ As Not Seen A Turn In Inflation
- Wants To See ‘Compelling Evidence’ M/M Inflation Slowing

— LiveSquawk (@LiveSquawk) August 2, 2022

Fed's Mester: We Need Several Months Of Evidence That Inflation Has First Peaked, And Is Then Moving Down

— LiveSquawk (@LiveSquawk) August 2, 2022

FED'S MESTER: I HAVEN'T SEEN ANY EVIDENCE THAT INFLATION HAS EVEN BEGUN TO LEVEL OFF.

— Breaking Market News (@financialjuice) August 2, 2022

FED'S MESTER: I BELIEVE UNEMPLOYMENT WILL RISE AS WE PROGRESS THROUGH THIS CYCLE, BUT WE NEED TO HAVE THAT HAPPEN TO MAKE SURE WE GET BACK TO PRICE STABILITY.

— Breaking Market News (@financialjuice) August 2, 2022