Here's your summary from Mester Sees Fed Policy Well Positioned for Risks to Mandate (https://www.youtube.com/watch?v=UXjd_qawZIE) on the Bloomberg Television channel:
**TLDR:** Mester believes Fed policy is well positioned to address risks to mandate, focusing on maintaining a healthy labor market and ensuring inflation stays at 2%.
1. Policy affects the economy with a lag, so adjustments need to be made before inflation reaches 2%.
2. The committee will calibrate policy to achieve both parts of its mandate and consider risks going forward.
3. Monetary policy is positioned to address risks on either side, with a focus on assessing conditions and information for future policy implications.
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