[Federal Reserve Mester: Higher Real Interest Rates Should Be Addressed Through Rate Hikes] Odaily Planet Daily News - Federal Reserve's Mester stated that higher real interest rates should be addressed through rate hike policies. Currently, it is unclear whether the U.S. is in a period of high productivity growth. The Federal Reserve cannot rely on productivity to solve inflation issues. A better policy is to curb demand and inflation. Inflation is significantly above target, and expectations are rising. (Jin10)