Fed’s Mester: Monetary policy well-positioned following discernible progress on inflation

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<p>Cleveland Fed President Loretta Mester, in her remarks at a conference overnight, acknowledged that while inflation remains above Fed&#8217;s 2% target, there has been &#8220;discernible progress&#8221; in controlling it, even as the &#8220;overall economy has remained relatively strong&#8221;. Mester expressed confidence in the current stance of monetary policy, stating, &#8220;Monetary policy is in a good [&#8230;]</p>
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