Fed's Mester: Inflation Will Not Fall to 2 Percent Target for 2 Years

　　Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to come down to the central bank's 2% target.

　　“It isn't going to be immediate that we see 2% inflation. It will take a couple of years but it will be moving down,” Mester said in an interview with CBS News on Sunday. For more forex news, please download WikiFX – the Global Dealer Regulatory Inquiry APP.