Dr. Loretta Mester is President & CEO of the Federal Reserve Bank of Cleveland Speaking in Singapore today

This from the Q&A:

  • More realisation of global factors affecting the US
  • We're not behind the curve on rates
  • Comfortable with rates going up over time


  • Would be comfortable raising rates at this point if economy keeps going the way it is
  • Fed's policy can't do more to help US labor market
  • No one on Fed is thinking of precipitately raising rates

(precipitately = hastily)