Cleveland Fed President Loretta Mester: the Fed should continue to hike its interest rate gradually this year

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7 abril 2016

Cleveland Fed President Loretta Mester: the Fed should continue to hike its interest rate gradually this year

Cleveland Fed President Loretta Mester said in a speech on Wednesday that the Fed should continue to hike its interest rate gradually this year.

"In my view, it will be appropriate for monetary policymakers to continue to gradually reduce the level of accommodation this year," she said.

Mester pointed out that she expected more gradual policy path than in December as she downgraded her growth forecasts.

Mester is a voting member of the Federal Open Market Committee (FOMC) this year.

St. Louis Fed President James Bullard: a long-term economic plan in the U.S. is needed to boost the growth

Fed’s March monetary policy meeting minutes: Fed officials noted the Fed should be cautious in rising its interest rate further

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