Loretta Mester, President of the Federal Reserve Bank of Cleveland, spoke earlier on monetary policy at Princeton University

More now, this from the following audience Q&A

  • No evidence that flat yield curve a signal of weak US economy
  • Structural factors are at play

More:

  • Gradual rate hikes means not hiking at every meeting
  • US must get back to a sustainable fiscal situation, rising debt raises uncertainty for economy

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There is no media Q&A scheduled at this event so I am not sutra if there will be more to come from Mester