Mester Comfortable With Raising Rates 'Relatively Soon'

April 16, 2015 8:19 PM

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The U.S. economy has improved to a point where the risks of delaying policy tightening by the Federal Reserve could soon outweigh the benefits of keeping rates near zero, a top Fed official said Thursday, suggesting a June liftoff in rates is possible if incoming data allow.

"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," Federal Reserve Bank of Cleveland President Loretta Mester said in remarks prepared for...

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