Mester speaking in Ohio

  • A small rate rise won't make policy tight
  • Jobless rate is at or near full employment
  • Reasonably confident that inflation will rise to 2% target
  • Expects growth in 2.75% -3.0% range for the rest of 2015 & 2016
  • Timing of liftoff doesn't matter as much as path of rates
  • Doesn't see a big risk from Greece and assumes lower growth in China

I don't know about you but being "reasonably confident" on inflation doesn't fill me with confidence