Mester in an unscheduled appearance on Fox Business:

  • USD, low oil have all been drags
  • Gradual path of rate normalization appropriate
  • My own forecast was revised down a little bit from Dec
  • Policy path might change as data comes in
  • Expects wages will begin to accelerate on jobs gains

Mester is a hawk but she's still a team player and doesn't stray too far from the core of the FOMC.