More Mester...
- Outlook for economy fundamentally good, there are risks however
- the Fed is back to normal way of looking at policy
- Fed policy can respond to material changes in the Outlook
- hard to sustain 3% GDP growth in longer run
- will carefully monitor what markets saying about economy
- market seeing different outlook been visible in data
- I've been concerned about high leveraged lending levels
- Banking system in good shape relative to pre-crisis
- surprised by the lack of inflation but that allows patience