Fed’s Mester: Fed's wait-and-see approach on rates 'well-calibrated' to outlook

Cleveland Federal Reserve (Fed) President Loretta J. Mester is on the wires now, via Reuters, making her scheduled speech on the central bank’s monetary policy.

Mester noted that Fed's wait-and-see approach on rates remains 'well-calibrated' to the outlook while adding that the Fed is neither far behind nor far ahead of the curve.