Cleveland Federal Reserve President Mester:
- Expects interest rates to rise some time in 2015
- Not too concerned by low but stable inflation; policy-making must be ‘forward looking’
- Expects volatility as Federal Reserve approaches rate rise, watching financial conditions
- If Federal Reserve raises rates too late, would potentially have to hike faster
- Expects 2 pct inflation by end of 2016, 5.5 pct unemployment by end of 2015
Earlier comments etc.
