Any pause is likely to be met with some resistance as several Fed presidents, including Loretta Mester of Cleveland and James Bullard of St. Louis, who have suggested there’s more work to do to cool off a strong economy and elevated inflation.

Source: https://businessmirror.com.ph/2023/06/01/fed-signal-for-rate-pause-takes-pressure-off-hot-jobs-report/

As photos from the event by Gary Mester in this edition document, it wasn’t just a sprinkle.

Source: https://www.fcnp.com/2023/06/01/editors-editorial-the-wondrous-rain-on-our-parade/

Federal Reserve Bank of Cleveland President Loretta Mester said on Friday the central bank still has plenty of space to cut the size of its holdings as a complement to its tighter short-term rate stance.

Source: https://biztoc.com/x/fb21321f3c9e2d73?ref=ff

The Fed’s Loretta Mester also helped send Treasury yields higher after saying she saw a ‘compelling’ case for a half-point rate rise at the last FOMC meeting.

Source: https://www.marketpulse.com/20230216/oanda-stocks-lower-post-hot-ppi-report-and-hawkish-fed-speak-feds-mester-saw-case-for-50-bp-rise-oil-edges-higher-gold-rebounds-after-six-week-low-bitcoin-rises/

“There’s still more runway there” to lower the size of the Fed’s holdings and this process could play out over the next year and a half to two years, Mester said at an event…

Source: https://biztoc.com/x/fb21321f3c9e2d73?ref=ff

What does Mark Mester do for a living?

Source: https://www.legit.ng/ask-legit/biographies/1545151-where-mark-mester-life-ktla/