- Fed should move more quickly than in the prior tightening cycle
- the pace of tightening should be drive by data and also forward-looking
- supports a March rate hike
- anticipates additional rate hikes in the months following
- sees inflation above 2% in 2022-23 and further upside risk
- FOMC can quicken H2 tightening pace if inflation does not ease back
- Fed should stop providing explicit forward guidance on policy
Mester is speaking on her economic outlook and monetary policy before a virtual event of the Volatility and Risk Institute and the Center for the Global Economy and Business, NYU Stern School of Business
