Fed’s Mester: No ‘compelling’ reason to wait for fresh rate rise – FT

In an interview with the Financial Times, Cleveland Federal Reserve bank President, Loretta Mester, delivered hawkish comments, suggesting that the Fed must go for a rate hike in June.

Key quotes

“I don’t really see a compelling reason to pause — meaning wait until you get more evidence to decide what to do,” she said. “I would see more of a compelling case for bringing [rates] up . . . and then holding for a while until you get less uncertain about where the economy is going.”