Fed’s Mester says if inflation doesn’t rise, Fed could stop hikes

Cleveland Federal Reserve President Loretta Mester told CNBC on Friday the central bank could stop hiking interest rates this year if inflation doesn’t rise.

WATCH:The full interview with Cleveland Fed President Loretta Mester

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December jobs report shows surprising strength, but doesn't end slowdown worriesTim Cook, Chief Executive Officer of Apple Inc., takes a selfie with a customer and her iPhone as he visits the Apple Store in Chicago, Illinois, U.S., March 27, 2018.