Hawks gonna hawk

Sometimes I wonder if the hawks would be so hawkish if they actually had the power to do what they advocate for.

Other headlines from Mester in an interview with Bloomberg:

  • Holding rates from now until March isn't my idea of 'gradual'
  • Dot plot could be tweaked, still expects upward tilt
  • Didn't build large fiscal package into my projections
  • I'm a very strong supporter of Janet Yellen
  • Gradual path in Fed's dot plot is about right

She does have a good point about 'gradual'. Maybe there is a risk the Fed tweaks that in its statement (a low risk).