Fed’s Mester Says She’s ‘Comfortable’ With Rates Moving Higher
- Market participants, Fed now thinking of economy in same way
- Economy is on ‘sound footing,’ Mester says in Singapore speech
Fed's Mester Says U.S. Economy Is on 'Sound Footing'
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Federal Reserve Bank of Cleveland President Loretta Mester said she would be “comfortable” with the central bank raising interest rates now as inflation pressures pick up.
While the Fed isn’t “behind the curve” on interest rates yet, delaying policy tightening will create risks, Mester said in reply to questions after a speech delivered in Singapore on Monday.