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Mester, Loretta J. on 2017 February 19 at 20:30

I'm comfortable that inflation is near its goal and moving toward its goal... I'd be comfortable with an increase in the funds rate at this point, if the economy keeps going the way it's going.

In a speech in Singapore, Mester, seen as one of the more hawkish Fed officials, said the economy was on a "sound footing". She also cautioned against asking the central bank to solve problems beyond its control, such as low productivity growth. "We did have a temporary oil price shock which held down inflation, we had the dollar appreciation which held down inflation. Those have passed through and the trend in inflation is, it's moving up," Mester said during a Q&A session with the audience after her speech at a central banking seminar in Singapore. "So I'm comfortable that inflation is near its goal and moving toward its goal... I'd be comfortable with an increase in the (federal) funds rate at this point, if the economy keeps going the way it's going." Mester, Loretta J.

Global Interdependence Center Abroad

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