Feds Mester: Expects US inflation to sustainably rise to over 2% over the next couple years
No comments on Fed policy from speech in Philadelphia
- Economic expansion firmly in place
- Labor markets are strong
- Legitimate to study alternative inflation targeting frameworks though not endorsing a change
- inflation expectations reasonably anchored at 2%
- Mester does not comment on rate hikes or US tax policy in prepared remarks
Mester is the president of the Cleveland Fed. She will be a voting member on the FOMC board in 2018.