Fed’s Mester calls for key ‘considerable time’ language to be reformulated

The Federal Reserve should reformulate key policy language on keeping interest rates low for a “considerable time,” the president of the Cleveland Fed said on Wednesday. Loretta Mester, a voting member of the Federal Open Market Committee, said the controversial phrase is too reliant on the calen…

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Fed’s Mester calls for key ‘considerable time’ language to be reformulated

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