Loretta Mester, Interview: CNBC as published on YouTube
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Regarding the labor market: “We want to see some moderation in both activity and growth in the labor market to cool things off a little bit and so I think that having the number come in, the headline number come in a little bit lower than the previous month is a good thing.”
Regarding rates and inflation: “Really the process is bring interest rates up, keep that going, look at how demand is reacting to that. We’ve already seen tightening of financial conditions and that’ll help temper demand … I don’t want to declare victory on inflation before I see really compelling evidence that our actions are beginning to do the work of bringing demand into better balance with aggregate supply.”