Loretta Mester, Cleveland Fed President is speaking in NY, the headlines from here speech are here
And her earlier Q&A responses are here
More from the Q&A now:
- Reasonable confident inflation will get back to 2%
- Mistake to wait for inflation back to 2% before hiking
- At September FOMC she saw downside risks as higher
- Firms in her Fed district are beginning to raise rates
Answering reporters' questions:
- 70k-120k jobs per month needed to keep US unemployment steady
- Prefers to raise rates for 'certain period' before trimming bond portfolio
- Would prefer not to use negative rates if economy falters
- Economies are more global but fed still needs to set policy based on domestic economy
Headlines on Bloomberg and Reuters