Fed’s Mester: Repeats that Fed must stay vigilant against ‘falling behind’

Fed’s Mester on monetary policy and the economic outlook
– Sees inflation rising to 2% over the next year or so
– Fundamentals supporting continued expansion are sound
I was looking for a hint of worries that would open the door to a June pause. it’s not here. But that isn’t a big surprise given Mester’s hawkish history.