Fed's Mester on Asset Purchases, Outlook for Inflation

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Aug.27 -- Federal Reserve Bank of Cleveland President Loretta Mester says monetary policy and the U.S. economy are in a good place but there is still room to go on the employment side before a liftoff in rates can occur. She speaks with Bloomberg's Mike McKee.
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This Fed peeps know how to double talk, "we're tapering but will wait a little while longer but don't worry we're tapering soon, or are we?" Meanwhile inflation well above their 2% target.

JankAt
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I wonder what the Feds inflation target will be 10 years from now. 3%? 3.5%? 4%? It might be easier to increase the inflation target than to actually control inflation.

slovokia
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First person in the fed to note the insanity going on in the housing market. Still doesn’t change her mind though of course

thenorth