Federal Reserve Bank of Cleveland President Loretta Mester sees no "compelling" reason to wait to implement another interest rate hike, Financial Times reported on Wednesday.

"I don't really see a compelling reason to pause," Mester told FT in an interview.

"I would see more of a compelling case for bringing the rates up and then holding for a while until you get less uncertain about where the economy is going."

(Reporting by Anirudh Saligrama in Bengaluru; Editing by Tom Hogue)