Loretta Mester, president of the Federal Reserve bank branch in Cleveland spoke earlier:
Now, more. This time from the audience Q&A:
- Gradual 2018 rate hikes are appropriate
- Not concerned US is near recession
(I guess you could read that second comment in two different ways ... I'm reading it that she doesn't think a recession is near)
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ps
there will be more later from Mester when she speaks direct with media