Loretta Mester, Interview: Washington Post Live
Page(s): 10
Regarding Addressing Inflation: “We have our interest rate policy and that’s what we’ve been embarking on. And we have more work to do, because we have not seen that turn in inflation. What we want to do is see it on a sustainable downward path towards our longer-run goal of 2 percent, and we have not seen that; we have more work to do.”
“My forecast is for below trend growth this year and into probably next year, before it then picks back up. And I wouldn’t consider that a bad outcome. I would consider that what’s necessary to get this back to price stability with healthy labor markets.”