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
