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    01.04.2016 15:47 Cleveland Federal Reserve Bank President Loretta Mester: gradual interest rate hikes are appropriate

    Cleveland Federal Reserve Bank President Loretta Mester said in an interview with Fox Business on Friday that gradual interest rate hikes were appropriate. She noted that she did not know how she would vote in April, adding that she wanted to see the incoming economic data.

     

     

    Mester also said that she downgraded its forecast slightly compared to December, due to a slower economic growth in the fourth quarter.


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