More from Fed's Mester - says think will need a 50bp hike at some meetings

Earlier from Mester here:

• Fed's Mester says front loading FOMC rate hikes is appealing

More now:

• I don't think 50bps rate hike should be off the table
• I think we will need 50bp hikes at some meetings, based on my forecast
• we really need to get inflation under control
• getting inflation under control is the best thing we can do to make sure healthy labor market continues
• Important to use both of our tools to get inflation on a better trajectory
• balance sheet won't be the main tool to fight inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term but we will do what we need to do to reduce it
• aim is to be nimble and hit goals of full employment, stable prices
• under some dire circumstances, not base case, Ukraine conflict could hit US growth but right now inflation is the bigger concern
• financial markets are supportive of the Fed's getting inflation under control
• in the old days monetary policy wanted to surprise people, these days we are trying to be transparent
• constrained supply and excess demand for labor is pushing inflation up, can't be complacent

I think the key takeaway here is Mester's talk of 50bps at "meetings", plural. So more than one +50 according her forecasts.