Cleveland Fed Pres. Fed's Loretta Mester is speaking
- US economy is in a slow recovery, but vaccinations could lead to a strong increase in activity
- Some sectors of the economy are doing much better than others
- Fed will be accommodative for a very long time because economy needs it
- It's going to take a while for economy to get back to maximum employment
- Aid for unemployed and underemployed and investment in vaccine distribution can help economy
- Economic inclusion is really important to overall economy
- She expects some higher inflation measures in the next couple of months, but that is different from underlying inflation levels reaching 2%
- it will take some time to return inflation lastingly to above 2%
Mester is speaking in online discussion on the economy
