Fed's Mester: Monetary policy is 'in a good place'

<ul><li>Sees 'clear progress' in getting inflation to 2%</li><li>It will take time to get to 2% but Fed will do it</li><li>Fed has time to vet incoming data</li><li>Monetary policy must be nimble in current circumstances</li><li>Mon pol well positioned to be flexible</li></ul><p>This is incrementally more dovish from here previous comments, when she <a href="https://www.forexlive.com/centralbank/feds-mester-whether-further-hikes-are-needed-depends-on-the-economy-20231116/" target="_blank" rel="follow">said </a>whether further hikes are needed depends on the economy. She also said previously that she hadn't assessed whether she will pencil in another rate hike in her December projections; it's now safe to say that she hasn't.</p>

This article was written by Adam Button at www.forexlive.com.