Loretta Mester, Cleveland Fed President is speaking in NY, the headlines from here speech are here

And her earlier Q&A responses are here

More from the Q&A now:

  • Reasonable confident inflation will get back to 2%
  • Mistake to wait for inflation back to 2% before hiking
  • At September FOMC she saw downside risks as higher
  • Firms in her Fed district are beginning to raise rates

Answering reporters' questions:

  • 70k-120k jobs per month needed to keep US unemployment steady
  • Prefers to raise rates for 'certain period' before trimming bond portfolio
  • Would prefer not to use negative rates if economy falters
  • Economies are more global but fed still needs to set policy based on domestic economy

Headlines on Bloomberg and Reuters