May 3, 2019 / 6:03 PM / 18 days ago

Fed's Mester expects U.S. economy to grow 2-2.5% in 2019: CNBC

Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York, U.S., August 15, 2017. REUTERS/Shannon Stapleton

(Reuters) - Cleveland Federal Reserve President Loretta Mester told CNBC on Friday that the U.S. economy remains in a strong position, adding that she forecasts a growth rate of 2 percent to 2.5 percent for 2019.

Mester also said she fully supports the U.S. central bank’s “patient” monetary policy stance.

Reporting by Kanishka Singh in Bengaluru; Editing by Paul Simao

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