Fed's Mester: Pace of tightening more important than liftoff

FXStreet (Bali) - Fed’s Mester crossed the wires over the weekend, noting that the pace of tightening in the US is more important than the timing of the liftoff.

Fed's Mester adds that a 3% growth is expected in 2015, and inflation moving toward 2%, although she admitted that it may dip further first as lower oil prices weigh only to pick up afterwards. With regards to the first rate hike, Mester said that it may come at any time during this new year.