Former Cleveland Fed President suggests Fed pause rate hikes

Interest Rates Discussion

Former Cleveland Fed President Loretta Mester appeared on ‘Squawk on the Street’ to discuss the current state of interest rates, suggesting it may be an opportune time for the Federal Reserve to pause rate hikes.

DOJ Investigation

Mester addressed the ongoing investigation by the Department of Justice into Fed Chair Jerome Powell, indicating the importance of transparency and accountability within the Federal Reserve.