Fed's Mester Backs March Rate Hike Given Conditions Now

The transcript discusses the potential for rate hikes in March, driven by persistent inflation and economic conditions. It highlights the need to adjust policy stances while considering uncertainties like the pandemic's impact. The discussion also covers the labor market's tightness and its implications for economic policy. The speaker suggests a cautious approach to rate increases, emphasizing the need to recalibrate policies to address inflation and employment challenges.

What uncertainties does the speaker mention regarding the economic outlook?

In what ways does the speaker suggest recalibrating the policy stance?