• The Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions to help bring down high inflation while keeling the economy humming, Cleveland Fed President Loretta Mester said on Monday.
• “I think we can slow down from the 75 at the next meeting. I don’t have a problem with that, I do think that’s very appropriate,” Mester said in an interview with broadcaster CNBC. “But I do think we’re going to have to let the economy tell us going forward what pace we have to be at.”