Fed's Mester: Task for Fed is to remove accommodation at a pace necessary to get inflation down - CNBC

Cleveland Fed President and FOMC member Loretta Mester said on Thursday in an interview on CNBC that the task for the Fed is to remove accommodation at a pace necessary to bring inflation under control. Mester said that the situation in Ukraine adds to economic uncertainty and adds upside risks to inflation, making it more important than ever that the Fed takes action. There is potential for a large rise in energy prices and supply chain issues continuing for longer, she added, warning that this increases the chances that high inflation gets embedded in the US.