Fed's Mester: US economy near Fed's goals

Here are some of the key quotes from Cleveland Fed President Loretta Mester's scheduled speech about monetary policy at the ECB macroprudential policy and research conference, in Frankfurt.

   •  Current outlook is one of the most favourable in a long time.
   •  Rate hikes can be a possible defense against financial stability risks.
   •  Financial system resilience is the first line of defense.
   •  May need monetary policy to ensure financial stability.
   •  US economy performance is near Fed's policy goals.