Reuters
Cleveland Federal Reserve President Loretta Mester said on Tuesday she is open to raising interest rates again, potentially at the U.S. central bank's next meeting, if the current state of the economy holds, even as she acknowledged that a surge in long-term bond yields could change the monetary policy outlook. "If the economy looks the way it did at the next meeting, similar to the way it looked at our recent meeting, I would do the further rate increase," she told reporters in a conference call. But Mester, who does not hold a vote on the central bank's rate-setting Federal Open Market Committee this year, cautioned that what comes next for the Fed is still a moving target.