Nothing surprising in these comments from Federal Reserve Cleveland head Dr. Loretta Mester - she's said these before in one form or another

  • The Fed is not behind the curve on rate
  • Rate move is on the table for every policy meeting
  • Lots of headwinds point to a lower long-run equilibrium funds rate
  • Does not Believe the fed will have to add further accommodation
  • Gradual upward path in rates appropriate
  • QE remains best tool to add accommodation to market
  • says she is not a fan of negative interest rates