Fed’s Mester: it’s appropriate to raise rates

  • Looks at the path of interest rates. Thinks that path is to higher rates

  • Does not mean every meeting is a hike

  • Fed perhaps not communicating as well as it could

  • Economy is still on track for pickup growth, inflation rising and employment falling

  • Appropriate to raise rates but not giving an exact number

  • There is a potential for instability in environment for potential bubbles.

  • Not saying there is a bubble in the stock market

  • Commercial real estate is a little bit frothy, but not an imminent problem

*via forexlive.

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