(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester said on Friday she is looking for “compelling” evidence that inflation has peaked before reducing the pace of the Fed’s interest rate hikes from what policymakers say are likely to be half-point increments in both June and July.
At the subsequent Fed meeting in September, “if I don’t see compelling evidence, then I could easily be a 50 basis point in that meeting as well,” Mester told CNBC.
(Reporting by Ann Saphir; Editing by Chris Reese)
