Loretta Mester, Federal Reserve head of the Cleveland branch
Mester interviewed by the Wall Street Journal:
- the labor market is on track ... The other measures that are broader measures that some people like to focus on, they're all coming down. So I think we're probably a little beyond full employment from that point of view.
- I never built in a large fiscal policy boost. I was always a little skeptical that things would all of a sudden get all these changes.
- I'm still viewing the economy as on track for that gradual pace of funds rate increases.
Full piece is here: Transcript: WSJ Interview With Cleveland Fed's Loretta Mester
(Mester spoke with Wall Street Journal reporter Nick Timiraos on Thursday, July 6)
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Mester is towards the 'hawk' end of the scale with her monetary policy views. Back when she was a relative noob as head of the Cleveland Fed and just after the Christmas/New Year break she called for 4 rate hikes in 2016. A certain ForexLive ***hole lambasted her call and was in turn lambasted himself. Tee-hee.
