Cleveland Fed’s Mester upbeat on prospects for US economy
Loretta Mester backs continued gradual tightening of policy
The US economy remains resilient, indicating the need for further policy tightening to avoid overheating, according to Loretta Mester.
The Federal Reserve Bank of Cleveland chief gave an upbeat assessment of the economy in recent remarks, citing strong sentiment, rising investment and business activity, and a labour market at maximum employment.
“A gradual removal of accommodation helps avoid a build-up of risks to macroeconomic stability that could arise if the economy is allowed to overheat
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