Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday the U.S. central bank should press forward with interest-rate increases this year, while adding the recent wave of volatility in financial markets hasn’t derailed a solid economic outlook.

“If economic conditions evolve as expected, we’ll need to make some further increases in interest rates this year and next year, at a pace similar to last year’s,” Ms. Mester said in a speech in Dayton, Ohio. “This gradual approach is the best strategy for sustaining...

NO COMMENTS

LEAVE A REPLY

Captcha image