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Cleveland Fed President Loretta Mester

FED
Unscheduled Fed Mester interview on CNBC, no market reaction:
  • JOBS REPORT WAS GREAT BUT STILL 8.5M OUT OF WORK, Bbg
  • ECONOMIC OUTLOOK IS BRIGHTENING, but FED STILL FAR FROM POLICY GOALS, Bbg
  • EXPECT HIGH (but unsustainable) READINGS ON INFLATION IN NEXT COUPLE MONTHS, Bbg
  • NEED TO BE VERY DELIBERATELY PATIENT ON FED POLICY, Bbg

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