Fed's Mester Sees Inflation Moving Toward 2% Goal

The transcript discusses market expectations for interest rate changes, economic forecasts, and the Federal Reserve's approach to rate hikes. It highlights the importance of data consistency with forecasts, inflation trends, and economic progress towards goals. The discussion also covers the challenges of forecasting and uncertainties in economic policy, emphasizing the need for a gradual path in interest rate adjustments to maintain economic expansion.

What does the speaker mean by a 'gradual upward path' in interest rates?

What concerns does the speaker express about delaying interest rate hikes?