According to Mester we have inflation
Powerful and wealthy women now run America such as this Cleveland Federal Reserve President Loretta Mester who says it's time for interest rates to be raised. We will see how Janet Yellen responds in kind to her announcement:
http://www.bloomberg.com/news/articles/2015-05-25/fed-s-mester-says-time-is-near-for-u-s-interest-rate-increase
...developing...