Cleveland Fed President and FOMC member Loretta Mester said on Thursday that she doesn't think raising interest rates by 50bps in March is compelling, according to Reuters. 

Additional Remarks:

• Mester personally believes labor force participation will continue to move up from current levels but it is complicated to know when and by how much.
• Tightness in the labor market is not going to magically disappear any time soon and officials have to consider that for monetary policy.
• Mester supports raising the fed funds rate in march
• The Fed will have more information on the situation in Ukraine and on inflation over time. 
• The Fed needs to have a series of movements for rate increases.
• A situation where the Fed raises rates once and stays steady for a year would not be appropriate now.