Loretta Mester is not a voting member. She speaks on CNBC
- Does not see inflation pressures building
- I fully support our patient approach
- interest rates are appropriate where they are
- We have a strong labor market
- Stable prices
- Producitivy is positive and moving in the right direction. Productivity growth is positive for the economy
- Good reason to think some low inflation is transitory
- Rates are about at neutral
- We have to take seriously our 2% inflation goal
- The economy is in a really strong place
- Expects 2- 2 1/2% growth this year
- Some of the global headwinds have subsided.
- I would be concerned if inflation expectations fell
- Risk is balanced right now
