Mester on CNBC

  • She notes that the participation rate has only made it halfway back
  • 'Substantial further progress' doesn't mean getting all the way back to pre-pandemic
  • Says she's focused on prime age workforce participation because of acceleration of retirement during pandemic
  • We want to be deliberately patient on tapering

The Fed blackout starts tomorrow so this will be (hopefully_ the last we hear until June 16. Though Bullard will probably find some way to appear somewhere.