Fed's Mester: US labor market is tight, debt not on a sustainable path

Omkar Godbole FXStreet Contributor

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.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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