Fed’s Mester - Fed policy to move gradually higher

Fed’s Mester, during the Q&A session following her speech in Florida, said the Fed policy is going to move gradually higher.

When asked about negative rates, Mester said there are other tools besides negative rates that central banks can consider implementing.

Key Quotes

US dollar is among headwinds holding back US economy

Interest rate differentials are feeding a stronger dollar

When dollar starts to stabilize the effect on US inflation will dissipate