8 May 2017
Fed's Mester: Reached employment goals, nearing 2% inflation target - RTRS
Loretta Mester, President of the Federal Reserve Bank of Cleveland, crossed the wires, via Reuters, with the key quotes found below:
- Reached employment goals, nearing 2% inflation target
- Recent GDP, inflation data seen as transitory
- Risks to US inflation & economy are ‘roughly balanced’
- Need further rate hikes and trimming of portfolio In 2017