Loretta Mester, President of the Federal Reserve Bank of Cleveland, said on Wednesday that the US labor market is tight and the economy is probably a bit beyond full employment.
Mester also warned that over the long run the US debt is not on a sustainable path. Her comments come a day after the Treasury Department’s reported the total outstanding public debt at a record $22.01 trillion.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.