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