Fed's Mester repeats expectation of gradual rate hikes
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
CLEVELAND (Reuters) - A top Federal Reserve official repeated on Wednesday she expects a gradual series of interest rate hikes this year given recent U.S. economic strength.
Cleveland Fed President Loretta Mester, a voter on central bank policy this year under a rotation, largely repeated a speech she gave last week in New York.
"It will be appropriate to continue to gradually reduce the degree of accommodation this year," she told the Cleveland Association for Business Economics.
Mester was to take questions after the speech.
(Reporting by Kim Palmer; Writing by Jonathan Spicer; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Waller: Recent Increases In Core Inflation Are Quite Broad
- Fed reaffirms 2% inflation target and long-term policy framework
- Federal Reserve forms five task forces to review monetary policy
Create E-mail Alert Related Categories
Fed, Forex, 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!
