30 Nov 2016
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