{"id":85802,"date":"2015-03-24T08:09:55","date_gmt":"2015-03-24T08:09:55","guid":{"rendered":"https:\/\/armbanks.am\/2015\/03\/24\/242561\/"},"modified":"2024-12-15T13:17:00","modified_gmt":"2024-12-15T13:17:00","slug":"mester-federal-reserve-may-raise-rates-in-june","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/03\/24\/85802\/","title":{"rendered":"Mester: Federal reserve may raise rates in June"},"content":{"rendered":"<p><strong>YEREVAN, March 24. \/ARKA\/.<\/strong> The U.S. economy is strengthening and an interest rate increase in June remains a possibility, Federal Reserve Bank of Cleveland President Loretta Mester said in an interview on Bloomberg Television in Paris on Monday.<\/p>\n<p>She was quoted by vestifinance.ru as saying in her interview that the current weakness in the economy is \u201ctransitory\u201d and she\u2019s \u201cmore optimistic\u201d about the outlook.<\/p>\n<p>\u201cThe headwinds we have been suffering through are abating, financially both consumers and business balance sheets look good, banks are recapitalized,\u201d she said. \u201cSo I see some strength of the economy.\u201d<\/p>\n<p>Policy makers last week opened the door to a rate rise as soon as June when they dropped an assurance to be \u201cpatient\u201d in raising rates, while also indicating in their forecasts they will tighten policy slowly once they get started.<\/p>\n<p>Mester said the Fed\u2019s removal of \u201cpatient\u201d from its recent statement means \u201cJune is a viable option\u201d for tightening.<\/p>\n<p>\u201cIt would be appropriate to raise interest rates sometime this year,\u201d said Mester, who votes on the Federal Open Market Committee next year. \u201cWe are not going to necessarily move in June but it gives us June as a viable option.\u201d<\/p>\n<p>Asked about the dollar, she said it reflects the fact that the U.S. \u201cis relatively stronger than other countries.\u201d She also said it will curb exports, which will be a negative for expansion in 2015. &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. economy is strengthening and an interest rate increase in June remains a possibility, Federal Reserve Bank of Cleveland President Loretta Mester said in an interview on Bloomberg Television in Paris on Monday<\/p>\n","protected":false},"author":1,"featured_media":157557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,12159,9216],"tags":[12172,13893,12757],"class_list":{"0":"post-85802","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-exchange-market","9":"category-news","10":"tag-economy-en","11":"tag-mester","12":"tag-usa"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/85802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=85802"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/85802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157557"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=85802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=85802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=85802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}