Watch CNBC's full interview with Cleveland Fed President Loretta Mester

Loretta Mester, Cleveland Fed President, goes on the record with CNBC's Steve Liesman ahead of Fed Chair Powell's public remarks.

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[marekkolenda]

5, 5% Fed interest rates this year and about 10% next year .Depends on economy GDP growth.

[marekkolenda]

Fed not ignore real market values and stocks prices.

[marekkolenda]

Don't buy Sears stocks right now.If traiding is by electronic computers.Today Dow Jones could go up 700 points or next week.