Federal Reserve Bank of Cleveland President Loretta Mester said Friday she is ready to review the central bank’s operating strategy this year, even as she said the Fed’s current way of conducting policy has worked to deliver a good economic outcome. “The economic expansion is now firmly in place, labor markets are strong, and inflation is expected to return to 2% on a sustained basis over the next couple of years,” Ms. Mester said in a speech delivered at the University of Chicago’s Booth School of Business 2018 U.S. Monetary...

Source: Wall Street Journal February 23, 2018 18:30 UTC