More from Fed’s Mester: Will keep rates restrictive to get inflation down

Federal Reserve Bank of Cleveland President Loretta Mester speaks on her economic outlook before the 50 Club of Cleveland Monthly Meeting.

Earlier:

• Fed’s Mester says its likely the FOMC will need to raise rates one more time this year

From the Q&A now:

• Fed will keep rates restrictive to get inflation down
• Higher rates are needed to make sure the disinflation process continues

• A.I. technology will change a lot in the economy

• Student loan restart
  won’t bring immediate change in consumer spending

• Doesn’t see dollar
  getting dethroned, dollar is very strong currency

This article was written by Eamonn Sheridan at www.forexlive.com. Source