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Mester, Loretta J. on 2018 May 31 at 15:00

Am I comfortable with seeing a couple of numbers above 2%? Yes. I was comfortable with seeing numbers below 2% as long as I thought things were moving in the right direction and we were moving inflation up and our policy stance was consistent with that outlook.

I think if you look at the strategy document that actually lays out our strategy, we aim for 2% inflation on a sustainable basis. That is kind of our goal, and that’s how we do it. Am I comfortable with seeing a couple of numbers above 2%? Yes. I was comfortable with seeing numbers below 2% as long as I thought things were moving in the right direction and we were moving inflation up and our policy stance was consistent with that outlook. Mester, Loretta J.

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