Fed’s Mester: Raising interest rates would be a "prudent step"



Fed Cleveland’s President Loretta Mester was on the wires, via Reuters, noting that raising interest rates would be a prudent step



Key headlines (via Reuters):

  • Prospects are likely higher for changes in fiscal, immigration, infrastructure and trade policies
  • Says ‘very uncertain’ how those changes will affect inflation, employment; ‘devil will be in the details’
  • Postponing hikes for too long would raise risks of recession and financial instability; fed not yet behind curve

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