Fed's Mester: Over the long run US debt is not on a sustainable path

Loretta Mester, President of the Federal Reserve Bank of Cleveland is speaking on her outlook for the economy and monetary policy

From a following Q&A

• Over the long run US debt is not on a sustainable path
• US labor market is tight
• US economy is probably a bit beyond full employment
• balance sheet runoff has been very gradual, not roiling markets
• has not seen evidence b/s runoff caused disruption in financial markets

Earlier from Mester:

• Fed's Mester remarks on balance sheet runoff, normalisation

On her comments on US debt, apropos of the report earlier:

• US national debt now to a record $22 trillion