Fed's Mester: Pace of tightening more important than liftoff

FXStreet (Bali) - Fed’s Mester crossed the wires over the weekend, noting that the pace of tightening in the US is more important than the timing of the liftoff.

Fed's Mester adds that a 3% growth is expected in 2015, and inflation moving toward 2%, although she admitted that it may dip further first as lower oil prices weigh only to pick up afterwards. With regards to the first rate hike, Mester said that it may come at any time during this new year.

Jan 4, 2015

Germnay sees Grexit as manageable event

Ahead of Greece's general elections on January 25, and with Tsipras’s anti-austerity Syriza alliance ahead in the polls, Der Spiegel reports, citing unidentified government officials, that German Chancellor Angela Merkel sees a potential Greek exit from the euro zone as a manageable outcome.

Fed's Rosengren: Low inflation and wage growth urges patience

Boston Fed President Eric Rosengren (dovish non-voter), in a speech at the American Economic Association in Boston over the weekend, said that low inflation and wage growth urges patience to tighten monetary policies.