More from Fed's Mester: Would be unproductive to overheat labor market

Author: Eamonn Sheridan | Category: Central Banks

Cleveland Federal Reserve President Loretta Mester spoke earlier, headlines here

  • Says running economy hot is a risky strategy
  • Would be unproductive to overheat labor market
  • Fed credibility is very important to have effective policy
  • Says consistency in Fed communications is important, has concerns
  • One reason for Fed raising rates in sept was to show Fed is consistent in its communications
Headlines via Reuters

  • History shows the Federal Reserve needs to be forward looking
  • Evidence wages are beginning to accelerate            
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