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Cleveland Fed presedent Mester: We see inflation above 2% this year and then going back down

  • We're really focused on inflation expectations
  • We should expect month-to-month volatility in data
  • Fed's policy is in good place
  • Time now is for watchful waiting, not adjusting policy
  • Fed will stay on path until we get more people into job market
  • We want to get back to maximum employment

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