Mester on CNBC
- Mester will be boosted her growth forecast closer to 3% for the year
- This quarter has been strong so far
- The Fed's path has been the right one so far
- This gradual path of monetary policy seems to be the right one
- We don't see excesses
- Fiscal policy could be an upside risk to the forecast
- Says it's hard to pre-judge whether Fed funds needs to go over neutral rate, which she sees at 3%
- Firms concerned about tariffs but haven't responded much
A higher growth forecast is nothing too surprising so far.
