Cleveland Fed Pres. Mester on Sept. Fed Decision

The transcript covers a discussion with Loretta Mester at the Federal Reserve Bank of Cleveland. It addresses the current economic performance, labor market trends, and inflation. The conversation delves into the rationale for interest rate adjustments and the importance of a gradual path. It also touches on the Fed's independence from political influence and considers future rate hike scenarios based on economic data and projections.

What factors could influence the decision for a rate hike in November?

What is the significance of the Federal Reserve's dual mandate as mentioned in the text?

How does the speaker justify the need for a gradual approach to rate increases?