Answers questiions after speech in Delaware
- comfortable slowing or stopping balance sheet rolloff in 2019
- If she was making decisions on her own, she would favor slowing reinvestment of Feds maturing securities
- favors balance sheet being primarily treasuries. Favors shorter-term treasury's
- Fed would want to communicate balance sheet plans well in advance
- Neutral interest rate is 3%
- Flexible inflation target works pretty well
Mester is more of a hawk on the Fed. She has come back in line with the other members, but cautiously.
