Fed Official Mester: The Fed Is In Good Shape And Is In No Rush To Adjust Interest Rates

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Cleveland Federal Reserve (Fed) President Loretta Mester said in an interview on Tuesday that she believes the Fed is in a “good position” on interest rates, the Wall Street Journal reported.

Main points

I’m in no rush to consider a rate hike.

The Fed is in a “good position” to study the economy before setting a path for interest rates.

It is too early to conclude that the economy is stalling or that inflation will reverse.

There are clear signs that the real economy is slowing, which should help the economy return to balance.