Golden Ten data on May 15, according to the Wall Street Journal, the Fed's Meester said it was appropriate for the Fed to keep interest rates unchanged while waiting for evidence of further easing of price pressures.
She believes it is too early to conclude that the Fed's advance will stop or that inflation will reverse. Meester added that she is in no hurry to consider raising interest rates, because a rise in short-term interest rates could bring new instability to the financial system.
