Fed's Mester: Raising rates would be a prudent step

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    Fed hawk on the news wires

    Fed's Mester is speaking and has comments which are consistent with her previous comments:

    • views a small step up in interest rates appropriate
    • another rate iincrease  is a prudent step to take
    • economy to grow at or slightly above 2% next couple years
    • underlying economic fundamentals remain sound
    • consumer spending that's  driving growth is expected to continue
    • Fed is not behind the curve
    • postponing hikes too long would raise risk of recession and financial instability
    • prospects are likely higher for changes in fiscal policy, immigration, infrastructure  and trade policies

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

    This article appears in: Investing , Forex

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