Fed's Mester says case for rate increases is compelling
Tweet
Share
E-mail
Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. REUTERS/Lucas Jackson
LEXINGTON, Ky. (Reuters) - The U.S. labor market is at full strength and the Federal Reserve needs to be on a path of gradual interest rate increases, Cleveland Fed President Loretta Mester said on Thursday.
"It seems like a gradual increase from a very low interest rate that we are at now is pretty compelling to me," Mester told reporters without saying whether she would support an increase at the Fed's policy meeting later this month.
(Reporting by Jason Lange in Lexington; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Two killed by Israeli airstrike in southern Lebanon's Hanin
- Tesla to lay off more than 3,000 employees in California, notices show
- AI boom to fuel natural gas demand in coming years, report says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
