Comments from Mester

  • Most likely scenario is that economic growth will slow this year, job growth will slow and inflation will stay near 2%
  • Fed is not far behind or ahead of the curve and can gather information on economy before adjusting rate policy
  • Reduction in balance sheet is likely putting pressure on longer-term interest rates

Basically about what you would expect to hear from Mester. She will take questions from the audience and media so there will be more headlines to come.