Feb 24 (Reuters) - Cleveland Fed President Loretta
Mester said on Friday that she is keeping to her previous
forecast made at the end of last year for the central bank's
interest rate peak as economic data since then has not caused
her to change her mind.
"I had my funds rate a little bit above the median in that
projection, and I haven't really seen much change in my outlook
for the economy since that time," Mester said in an interview
with broadcaster CNBC.
"So I see that we're going to have to bring interest rates
above 5%...I do think we need to be somewhat about 5% and hold
there for a time in order to get inflation on that sustainable
downward path."
(Reporting by Lindsay Dunsmuir; Editing by Jane Merriman)
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