Comments from Mester in Reyjavik:
- Should be cognizant of how low interest rates, unconventional policy impact financial stability
- Allowing politics to influence monetary policy would be a mistake
- Fed's policy independence is worth preserving
This is so real ho-hum stuff. There's a Q&A from the audience later so let's hope our friends in Iceland can pry something a bit more meaningful from her.
Update: There no comments on monetary policy or the outlook in the Q&A.
