Loretta Mester, Interview: WSJ (Transcript)

“I think we need to bring the interest—and of course I haven’t decided anything about the June meeting, but if you think about what the path of rates are going to be. What I’d like to do is get…to a level of the funds rate where I could say, OK, in my mind, there’s a [equal probability the next move is] up or down, whenever that move would be. And I don’t think we’re there yet because I think inflation has just…remained stubborn.”