May 14 (Reuters) - Federal Reserve Bank of Cleveland President Loretta Mester said in an interview to the Wall Street Journal on Tuesday that it was appropriate for the Fed to hold rates steady as it awaits evidence that price pressures are easing further.
"It's too early to really conclude that we stalled out or that inflation is going to reverse," she said.
Mester also added she was not eager to consider hikes because of the potential for higher short-term rates to create new instability in the financial system.
(Reporting by Rishabh Jaiswal in Bengaluru Editing by Chris Reese)
