Fed Raising interest sooner than later?

In a recent speech  Loretta J Mester-President and CEO-Federal Reserve Bank of Cleveland makes a point that as the U.S. economy begins 2015   its sixth year of expansion ; and as oil price slide has perched moved up real incomes and therefore spending and as employment outlook is quite good (with unemployment at just about 5.6 %)...

"I believe it will soon be appropriate to begin moving rates up from zero."  (emphasis ours) 

Our Comment: Watch out Emerging markets!.Portfolio investors will return home when the interest rates move up in USA- which suggestion date seems to be June. 


Without  any risk or responsibility.