More from Fed's Mester - not concerned about inflation getting too high

Loretta Mester, President and Chief Executive Officer of the Federal Reserve Bank of Cleveland spoke earlier:

• Fed's Mester says economy is still far from the Bank's employment goal

From Q&A now:

• says the uptick in inflation expectations is due to better economic outlook
• she is not concerned about inflation getting too high
• modest increase in inflation expectations is not worrisome

Is it just me or has anyone else noticed a new twist in Fec moments ... referring now to inflation expectations. Clarida went down the same path yesterday:

• Fed vice-chair Clarida says Fed rates will be lower for longer, will delay lift-off