Fed’s Mester: Rate move is on the table for every policy meetings

Additional headlines crossed the wires from Cleveland Fed President Loretta Mester, although no new surprises offered, as she reiterates from her previous speech.

Key Quotes:

The Fed is not behind the curve on rate

Rate move is on the table for every policy meeting

Lots of headwinds point to a lower long-run  equilibrium funds rate

Does not Believe the fed will have to add further accommodation

Gradual upward path in rates appropriate

QE remains best tool to add accommodation to market

says she is not a fan of negative interest rates