Hints and tips:
...Mester, who has a reputation as a hawk but who this week did not rule out a June rate cut....
...Raghuram Rajan, former head of the Reserve Bank of India, has referred to himself as an owl, as has Loretta Mester, president of the Federal Reserve Bank of Cleveland....
...The White House is considering appointing Loretta Mester, president of the Federal Reserve Bank of Cleveland, as vice-chair of the US Federal Reserve’s board of governors....
...(Other dissenters are notorious hawks; Loretta Mester from the Cleveland Fed, and Esther George of Kansas City who has dissented all year.) Thing is, not one of them will be voters in 2017....
...Loretta Mester of the Cleveland Fed told the Financial Times last week that the case for a second interest-rate rise following December’s quarter-point increase was compelling....
...A compromise between the hawks and doves on the FOMC could include a signal that the bar to an increase before the end of 2016 is relatively low....
...Three regional Fed presidents — Loretta Mester, Esther George and Eric Rosengren — voted for an increase....
...The regular rotation in the membership of the FOMC will strengthen the ranks of the hawks with the arrival of Esther George of the Kansas City Fed, Loretta Mester of the Cleveland Fed, and James Bullard...
...Their concern about forward guidance is reflected across the spectrum of hawks and doves on the FOMC....
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