Friday, October 16, 2015

Fed's Mester: Time to move off zero rates

FXStreet (Bali) - Fed's Mester keeps crossing the wires, noting that is time to to move off zero rates, despite acknowledging that policy will still be accommodative.


"Job growth wasn't as weak as some think it was - only need to see about 70k-120k job gains per month."

Could stop/start reinvestment if needed after 1st stop - would prefer not to doing negative rates, if in situation.

"We're beginning to hear more reports of wages rising."

"Wants rates rises for some time before ending reinvestment."
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