# Cleveland Fed President Loretta Mester's remarks on monetary policy at an event hosted by Stern's Center for Global Economy and Business are featured

1 School News October 16, 2015 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from the [Financial Times](http://www.ft.com/intl/fastft/408751/feds-mester) -- "Based on my current assessment of the outlook and the risks around the outlook, I believe the economy can handle an increase in the fed funds rate and that it is appropriate for monetary policy to take a step back from the emergency measure of zero interest rates. A small increase in interest rates from zero is not tight monetary policy."

[Read more](http://www.ft.com/intl/fastft/408751/feds-mester)

Additional coverage appeared on [CNNMoney](http://money.cnn.com/2015/10/15/investing/fed-rate-hike-hawks-2015/index.html).