Cleveland President Loretta Mester is speaking to CNBC on the sidelines at the Jackson Hole Symposium, providing key quotes, via Reuters, found below.
- Third quarter growth is coming in strong so far.
- I’ve been upping my forecast, closer to 3% for the year.
- We see some risk but not excesses.
- Fiscal stimulus effect will wane in 2019.
- Gradual rate hike path seems appropriate.
- We do not see signs of econ overheating.
- More momentum in economy as expected.
- We have been on a good funds rate path.
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