Unless economic conditions remain the same, Reuters Federal Reserve Bank President Loretta Mester told CNBC on Wednesday that she will advocate for a 75 basis points bps hike in interest rates at the U.S. central bank's next monetary policy meeting in July.
The meeting will likely involve a debate between the Federal Open Market Committee FOMC policymakers about whether to opt for 50 bps or 75 bps, Mester said in an interview. com 2022 06 29 feds-mester backs are 75 basis point hike-in july-if conditions-remain the-same. If conditions were exactly the way they were going into the meeting today - if they were today - I would be advocating for 75 bps because I haven't seen the kind of numbers on the inflation side that I need to see in order to think that we can go back to a 50 bps increase, she said.