Loretta Mester, Interview: Barron’s Live

“So, all of those conditions really point to the fact that we have a very strong economy, and for a monetary policy maker it means that we really need to be removing that emergency level of accommodation that was very much needed early in the pandemic, but is not needed now. Our job at the Fed really right now is to reset monetary policy, recalibrate it to the challenges that are in the economy now. To do so remove accommodation at a pace necessary to bring inflation under control. At the same time, making sure that we sustain the expansion and economic activity in healthy labor markets. That’s really what the key thing that the Fed will be doing going forward, including the decision at the March meeting and beyond.”