More Mester in Q&A session: monetary policy is been more accommodative then in the past

Fed;s Loretta Mester

More comments from Fed's Loretta Mester (Cleveland President).

• US monetary policy has been more accommodative then in the past
• at some point there are unintended policy consequences of running and economy too hot
• running economy so hot is forcing firms to turn to automation more quickly
• Fed does have to take financial stability concerns into account when setting monetary policy
• nonfinancial debt, commercial real estate levels are currently of moderate concern
• she is concerned some people are not aware politics does not affect monetary policy decisions

At the top of the hour, Feds Kaplan will also be speaking at a community forum in Houston.