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President Mester discusses monetary policy and the economic outlook with Fox Business

January 2, 2015—Cleveland Fed President Loretta J. Mester said a number of different indicators show the economy is on firm footing, with progress on employment and downward pressures on inflation likely to be transitory. Mester said incoming data and the outlook will guide the Fed in setting monetary policy.

Part 1: The outlook for interest rates and the economy.

Part 2: Job growth and financial markets.

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