Cleveland Federal Reserve President Loretta Mester spoke with CNBC on Friday.
Stocks rose Friday as data showed U.S. job creation was stronger than expected in April.
"No one favors layoffs," Cramer says. "Want that? No. But their models say that's when we're out of the woods."
The U.S. economy is "in a really good spot," Mester says in an interview with CNBC.
A slowing but still strong economic outlook suggests continued gradual rate increases are appropriate, Cleveland Fed President Loretta Mester says.
"This is a natural thing that's going on in the market," Cleveland Federal Reserve President Loretta Mester says.
Stocks fell on Wednesday as losses in tech and AT&T shares outweighed a post-earnings bounce in Boeing.
Cleveland Federal Reserve President Loretta Mester also raises her outlook for the economy and gross domestic product for 2018.
The Fed should continue its gradual approach to raising interest rates, Cleveland Fed President Loretta Mester said on Monday.
The threat of a trade war poses risks to what is an otherwise robust growth picture, Cleveland Fed President Loretta Mester said Monday.
The recent market sell-off and jump in volatility will not damage the economy's overall strong prospects, Cleveland Fed president Loretta Mester said.
U.S. stock index futures fell deep into the red ahead of Tuesday’s open, pulling back from the sharp gains posted in the previous trading session.
Gold prices rose on Friday, supported by a weaker dollar amid worries about a possible U.S. government shutdown.
The economy faces higher deficits, lower benefits and near-zero interest rates unless Congress acts, the Fed's Loretta Mester says.
The Fed shouldn't wait until it reaches its economic goals before tightening monetary policy, Cleveland Fed President Loretta Mester said.
It's high time for the Federal Reserve to normalize and move ahead with raising rates, JPMorgan International Chairman Jacob Frenkel said.
Cleveland Fed President Loretta Mester says the Fed should stay on its path of monetary policy tightening.