Mester says Fed eyeing dollar as rate hike approaches - Bloomberg

[March 23, 2015] (Reuters) - The Federal Reserve is looking to the dollar among other factors as it considers when to raise interest rates, a move that should be made this year, Cleveland Fed President Loretta Mester said according to Bloomberg.

Mester, who spoke on Bloomberg TV, repeated that June is still a viable option for the U.S. central bank to hike rates. She added that the drop in oil prices is going to be a positive for the economy.

Mester spoke in Paris earlier on Monday.

(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)

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