Fed's Mester: A rate increase may be needed later this year

Eren Sengezer FXStreet

Additional comments from Cleveland Fed President Loretta Mester continue to cross the wires with key quotes, via Reuters, found below.

Would be comfortable ending process of running down balance sheet before end of year.
She doesn't think ending balance sheet trimming would have material impact on economy.
A rate increase may be needed later this year.
Prefers to announce balance sheet plan sooner and not taper.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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