Here are some of the key quotes from Cleveland Fed President Loretta Mester’s scheduled speech about monetary policy at the ECB macroprudential policy and research conference, in Frankfurt.
“¢ Current outlook is one of the most favourable in a long time.
“¢ Rate hikes can be a possible defense against financial stability risks.
“¢ Financial system resilience is the first line of defense.
“¢ May need monetary policy to ensure financial stability.
“¢ US economy performance is near Fed’s policy goals.
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