Cleveland Fed Pres. Mester: Monetary policies restrictive. Neutral rate may be higher ...Middle East

Cleveland Fed Pres. Mester is speaking on Bloomberg TV and says:Monetary policy is restrictive.Inflation progress stalled in first three monthsApril CPI report was good news, but too soon to tell what path inflation is onLabor markets are becoming better balancedRebalancing labor market will put downward pressure on inflation.We need to gather more evidence on inflation Pat to determine if it sustainably heading toward 2% This article was written by Greg Michalowski at www.forexlive.com.

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