Fed’s Mester Calls Case for Gradual Rate Increases ‘Compelling’

  • U.S. economy is at full employment; inflation near target
  • Risks of financial instability must be considered seriously

Can Jobs Report Shift the Debate on Fed's Rate Path?

Federal Reserve Bank of Cleveland President Loretta Mester said there’s a “compelling” case for gradually raising interest rates, with the U.S. economy approaching the central bank’s targets on employment and inflation.

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