Statement

Name: Loretta J. Mester

Summary: Fed's Mester upbeat on inflation, path of tightening: "Improving U.S inflation data and underlying strength in the economy should keep the Federal Reserve on track to gradually raise interest rates, Cleveland Federal Reserve President Loretta Mester said on Friday. "My feeling is the path of interest rates to support the economy is going to be still one where we gradually reduce the amount of accommodation," Mester told reporters following a speech at a Global Interdependence Center event in Sarasota, Florida."

Lean: Hawkish

Substantially Similar to Prior Statements: No

Statement Date: February 19, 2016

Publication Date: February 19, 2016

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