US economy ready for higher rates – Fed’s L.Mester

FXStreet (Edinburgh) - Cleveland Fed President Loretta Mester has argued that the US economy is ready for a rate hike, while she remains ‘reasonably confident that the inflation will gradually return to target’.

She has also said that a delayed rate hike could risk financial stability, adding that there is a ‘strong case’ for a Fed’s lift-off if data meet forecasts. She has also coincided with other Fed members in a gradual increase of rate hikes.