Fed has met its goal – Fed’s Mester

FXStreet (Mumbai) - Fed’s Mester was on the wires today stating that the fed has basically met its goal and a longer delay in the liftoff increases the chances of financial imbalances.

Mester said yesterday that the economy could handle a 25 basis point rate hike.

Key Quotes

Fed is trying to be transparent on rate policy and is not behind the curve

The longer the delay, higher the chances of financial imbalances

There is a lot of reasons to think the path will be gradual