More from Cleveland Fed Pres. Mester: Will take some time for economy to recover

More from Cleveland Fed Pres. Mester (voting member).

More from Cleveland Fed Pres. Loretta Mester (voting member)

• we're going to get back to a strong US economy
• downside risks dominate over the upside risks
• Fed needs to be prepared for recovery to take a long time
• it will take support from monetary policy and fiscal policy for economy to fully recover
• it will take a couple years for labor market to return to pre-pandemic levels
• going to take a while to get inflation up to 2% goal
• the Fed won't let inflation run rampant
• monetary policy is going to have to remain accommodative for quite some time
• Fed has room for policy through for guidance and the balance sheet

Mester is a voting member on the FOMC board this year.