Fed Latest: Mester Says Fed Close to Confidence Level for Cuts
- Kashkari floats possibility of no rate reductions this year
- More than half a dozen Fed policymakers speak Thursday
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Federal Reserve Bank of Cleveland President Loretta Mester suggested the central bank could be getting close to the level of confidence it needs to begin lowering interest rates in the next few months.
Mester is among more than a half-dozen Fed officials speaking Thursday in moderated discussions or speeches. Others included Minneapolis Fed chief Neel Kashkari and Chicago Fed President Austan Goolsbee.