Name: Loretta J. Mester

Summary: Fed's Mester Says Gradual Rate Hikes Still Right Call for 2016: "Federal Reserve Bank of Cleveland President Loretta Mester said fundamentals underlying the U.S. economy remain strong and the central bank should stay on track for a gradual tightening of monetary policy this year. “Whether we increase in March or not, that’s going to depend on the data and other people’s views around the table,” Mester said in an interview late Thursday in New York. “But my forecasts, and the risks around those forecasts, suggest we still want to see gradually rising interest rates.”"

Lean: Hawkish

Substantially Similar to Prior Statements: No

Statement Date: February 25, 2016

Publication Date: February 26, 2016

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