Federal Reserve's Mester: Fed Still in Wait-and-See Mode, Current Inflation Trend Will Take Some Time to Show Up in the Data

BlockBeats News, May 14th, Federal Reserve's Bullard stated that some parts of April's inflation represent the lagged nature of the data, and the Fed is still in a wait-and-see mode. The current inflation trend will take some time to manifest in the data. It is now a time for the Fed to wait for more information and strive to eliminate data noise. (FXStreet)