Mester on CNBC: The employment numbers were strong.

Author: Greg Michalowski | Category: Central Banks

CNBC interview with Steve Leesman..

  • The Fed is not at 2% PCE inflation target yet.  
  • Labor market is strong, job numbers good
  • Sees 1/4% to 1/2% on GDP growth from tax reform
  • The Fed does not care about asset prices but how they impact the economy
  • If the Fed was not raising rates on a gradual pace, she would be concerned about asset prices more
  • Does not think of bitcoin in a monetary policy concern. Worries about contagion in the real economy.  Does not see it as a concern.