‘I would be comfortable with liftoff relatively soon’ – Fed’s Mester

FXStreet (Mumbai) - Speaking to The Forecasters Club, Cleveland Federal Reserve President Loretta Mester saw positive signs in the US economy and suggested starting to tighten monetary policy sooner rather than later.

Key Quotes:

"If it turns out that the incoming information shows that growth is regaining momentum after the first-
quarter slowdown and more broadly supports my forecast, I would be comfortable with liftoff relatively soon,"

She suggested that the "soft" first quarter results were likely "transitory."

"The potential returns to delaying action will soon be outweighed by the potential returns to beginning the normalization process."