Fed’s Mester says not eager to consider interest rates hikes

Mester:

• Says Fed in ‘really good place’ to study economy before charting
  rate path
• She isn’t eager to
  consider interest-rate hikes
• It was appropriate
  for the Fed to hold rates steady as it awaits evidence that price
  pressures are easing further
• It’s too early to
  really conclude that we stalled out or that inflation is going to
  reverse
• There are definite signs that the real side of the economy is moderating, and that is helping to bring balance back to the economy
• Says long-run measures of inflation expectations appear to be “reasonably well anchored” at levels consistent with the Fed’s 2% goal

I don’t know about anyone else but when I read Mester is not “eager” to think about further rate hikes I am thinking that’s what she is thinking about. She should just say it. That’d be worth half a rate hike right there.

This article was written by Eamonn Sheridan at www.forexlive.com.