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Friday, January 06, 2017

Fed's Mester: Dec jobs report was a very decent report

  • 3 hikes in 2017 is a reasonable number
  • Her forecast is a little steeper than the median
  • Had a bit of fiscal stimulus in her Dec forecast
  • The US is basically at full employment
  • Fiscal policy plays into the outlook for the economy (She hasn't had any yet)
  • Would not call inflation a big risk
  • The Fed is meeting its inflation goal over the next two years
Mester isn't a voter this year.

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