Fed's Mester on Bloomberg TV

  • Risk having to tighten faster if we want for 2% inflation
  • Gardual hike path doesn't mean moving every meeting
  • All meetings are live, including November
  • If data in line, case for November may still be compelling
  • Politics doesn't come into Fed discussion
  • Fed making progress on all is goals

If the Fed hikes in November, it will be madness.