Cleveland Federal Reserve President Loretta Mester, taking audience questions now:

  • Disinflationary risks have been lowered
  • Survey measures of inflation expectations very stable
  • Sees 3.75% as long-run neutral Fed Funds rate
  • Does not want to wait until goals are reached before adjusting policy

(Earlier comments here Federal Reserve Mester: Rate liftoff could be delayed if economy disappoints

Mester’s bumper sticker on her car reads “I am a hawk, and I vote”.

OK, just joking. Mester is perceived as a policy ‘hawk’ and she has a vote on the FOMC.