Name: Loretta J. Mester

Summary: Fed's Mester: Policymakers aren't boxed in on rates: "While the Federal Reserve has been telegraphing the possibility of an interest rate increase next month, Cleveland Fed President Loretta Mester said Thursday policymakers are not boxed in to move. But she said, "Things are on track." Appearing on CNBC's "Squawk Box," Mester said the Fed is trying to be as transparent as it can about the option to hike rates if economic conditions warrant an increase. She believes the economy can absorb the first rate hike in nine years."

Lean: Hawkish

Substantially Similar to Prior Statements: No

Statement Date: November 19, 2015

Publication Date: November 19, 2015

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