Fed's Mester: We're really focused on inflation expectations

Comments from Mester on TV

• We're really focused on inflation expectations
• We see inflation above 2% this year and then going back down
• We should expect month-to-month volatility in data

A number of Fed officials have made the same point about inflation expectations. One of the key measures of it is in the UMich survey, which is due at 1400 GMT