Feds Mester: Fed will need to tighten somewhat further to lower inflation

<ul><li>Fed will need to tighten somewhat further to lower inflation</li><li>Fed policy less restrictive compared to history.</li><li>Raising rates again will reduce risk of more action in future</li><li>Fed rate hike's have been moderating economic activity</li><li>economy has proved stronger-than-expected.</li><li>Supply chain disruptions have eased.</li><li>Inflation stubbornly high. Installed progress on core prices.</li><li>Fed closer to end of tightening campaign and then it's a start.</li><li>Core inflation gains to high, and to broad-based.</li><li>Wages pressures remain too high to get inflation back to 2%.</li><li>Demand for labor still outstripping supply.</li><li>Business leaders fears of a recession have declined</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.