More from Fed's Mester: Not too concerned that inflation will get out of hand

Cleveland Fed's Mester adds some more comments

• Not to0 concerned that inflation will get out of hand
• To some extent we want inflation expectations to rise a bit, but anchored at level consistent with our goal
• Factors that have kept inflation low have not gone away in the pandemic
• Inflation will rise above 2% in the near term
• We our buying mortgage bonds because of disruptions in the bond market
• We do not want a financial issue on top of the pandemic