Fed Mester: Another hike needed as timing crucial in taming inflation

<p>Cleveland Fed President Loretta Mester indicated her support for another rate hike, albeit with flexibility on its exact timing. “It doesn’t necessarily have to be September, but I think this year,” she commented on Saturday. Mester’s focus was clear: Fed needs to bring inflation down to 2% target by the end of 2025. “The longer […]</p>
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