Loretta Mester, Interview: 90.5 WESA

“Yeah. Right now, we’re using our tools to get inflation first stabilized and then on this, I call it a sustainable downward path, it will take some time for inflation to come back down just because of the nature of what really affected the inflation rates, including the supply side of the economy and demand. So it’s going to take some time, but we’re really committed at the Fed to doing what we can do to put it on that sustainable downward path. It will perhaps take another year or two to get back to 2% inflation, but we will see inflation moving down over that time to more closer to our goal.”