Fed's Mester says case for rate increases is compelling
Reuters
Published Sep 01, 2016 02:12PM ET
Fed's Mester says case for rate increases is compelling
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.
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Written By: Reuters
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