Name: Loretta J. Mester
Summary: Fed's Mester prefers a bit quicker U.S. rate-hike pace: "Loretta Mester, president of the Cleveland Fed, told Reuters in an interview she does not need to see clear evidence of inflation to back more policy tightening after an initial rate hike in mid-December. The Fed could act at any policy meeting, including one later in January, she said. After lifting rates for the first time in nearly a decade, the Fed said further moves would be gradual and dependent on how the world's top economy performs. The central bank last month forecasted four rate hikes in 2016, based on the median projection of its 17 top officials... "I'm probably a little steeper than that in the near term, just because I have a higher growth forecast.""
Lean: Hawkish
Substantially Similar to Prior Statements: No
Statement Date: January 3, 2016
Publication Date: January 3, 2016
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