Fed's Mester: supported a March hike and sees more than one hike each year.

Fed's Mester has stated that inflation will return to symmetric target of 2% over the next year or so. She added that she supported a March hike and sees more than one hike each year.

Other key points so far:

• Underlying Fundamentals of Economy Are 'Strong'.
• Stable Labor Force Participation Rate a Sign of Strength in Labor Market.
•  Further Interest-Rate Increases Will Be Needed to Prolong Expansion.
•  Overheating Economy Would Increase Risks. 
•  'Would Be Comfortable' Changing Balance-Sheet Policy This Year.
•  Independence in Setting Monetary Policy 'Worth Preserving'.
• Statement of Economic Policy Documents Aren't Forecasts but Officials' Views on Appropriate Policy.