Opposing Fed views reflect economy's cross currents: Mester

Federal Reserve policymakers are publicly expressing different views on monetary policy because of the "cross currents" in the economic data, Cleveland Fed President Loretta Mester said on Thursday. While Fed Chair Janet Yellen and most U.S. central bankers, including Mester, expect to raise interest rates this year, others including two Federal Reserve board governors have urged patience. Mester said the Fed is trying to be as clear as it can on its rationale for policy.