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)

---

ps

there will be more later from Mester when she speaks direct with media