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Fed’s Mester says gradual rate hikes still appropriate after jobs report

June 5, 2016 by · Leave a Comment 

The latest disappointing U.S. jobs number has not changed the overall economic picture and gradual rate hikes remain appropriate, Cleveland Federal Reserve President Loretta Mester said on Saturday. The Fed raised rates in December for the first time in nearly a decade. “I still believe that in order to achieve our monetary policy goals, a gradual upward pace

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Fed’s Mester says gradual rate hikes still appropriate after jobs report