Cleveland Federal Reserve President Loretta Mester spoke with CNBC on Friday.
told CNBC on Friday said that she sees no need to adjust the central bank's current monetary policy and supports the current wait-and-see approach.
Speaking from Stanford, California, Mester said that between robust job gains and stronger GDP growth, the Fed's best course is to continue to act in response to forthcoming economic data. "I fully support our patient approach to looking at what the data's telling us as it comes in," Mester said from Stanford, California. "Our interest rate policy, I think, is exactly appropriate for now and we'll just see how the economy evolves."
"The job market is strong and today's report just reinforces that we have a strong labor market, which is great," she added. "We have inflation a little bit below our target, but stable prices. We have productivity growth growing, which is a good positive for the economy." Mester's comments come after the Fed said in January it will be "patient" about future adjustments to monetary policy after hiking rates four times in 2018. President
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