Cleveland Fed President Loretta Mester recently crossed the wires saying that she is biased to keeping rates where they are or moving them up a bit despite downside risks.
Key quotes (via Reuters)
- I think business activity is picking up.
- I don’t see inflation pressures building.
- We will see slower growth of employment but still above trend.
- My growth forecast has come down a bit to just above 2 pct.
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