The head of the Cleveland FBI believes that the US economy will be able to “digest” 2 more rate hikes this year

The high growth rate of the US economy, low unemployment and stable inflation are sufficient grounds for continuing a steady increase in the base interest rate in the US, the head of the Federal Reserve Bank of Cleveland, Loretta Mester, told The Wall Street Journal. She said: “If we do not continue raising, we may be left behind, so I'm calm about raising rates, provided that the economy remains on the current trajectory.” Mester pointed to the strong growth of the US economy, while the monetary policy remains stimulating. She noted that the Fed is close to achieving its main goals - full employment and sustainable inflation at about 2%.

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