Inflation will not fall to 2% target for two years, says Fed’s Loretta Mester

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Inflation will not fall to 2% target for two years, says Fed’s Loretta Mester
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Policymakers currently expect to raise the Fed’s benchmark overnight interest rate, now in a range of 1.50 per cent-1.75 per cent, to at least 3.4 per cent in the next six months

On Friday, the Fed called its fight against inflation “unconditional.” Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

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