Fed hawk on the news wires

Fed's Mester is speaking and has comments which are consistent with her previous comments:

  • views a small step up in interest rates appropriate
  • another rate iincrease is a prudent step to take
  • economy to grow at or slightly above 2% next couple years
  • underlying economic fundamentals remain sound
  • consumer spending that's driving growth is expected to continue
  • Fed is not behind the curve
  • postponing hikes too long would raise risk of recession and financial instability
  • prospects are likely higher for changes in fiscal policy, immigration, infrastructure and trade policies