Fed's Mester: Further rate hikes appropriate this year and next

Author: Eamonn Sheridan | Category: Central Banks

Loretta Mester is President of the Cleveland Federal Reserve branch

Speaking on her outlook for the US economy and monetary policy:
  • further rate hikes appropriate this year and next
  • says gradual rate hikes would help avoid overheating, financial stability risks
  • sees more than 2.5 pct GDP growth this year
  • says financial market volatility, trade, geopolitics pose risks, but have not caused change in outlook
  • says monetary policy and financial conditions still accommodative
  • says US is "slightly beyond" full employment
  • sees inflation moving up to 2 pct over next 1-2 years
Reuters  with the quick headlines from text of Mester's speech.  There will be a Q&A to follow 

Mester is a Federal Open Market Committee voter in 2018, and proud of it - this is her car 

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