Fed’s Mester says to be ‘deliberately patient’ with politics By Reuters

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© Reuters. FILE PHOTO: Federal Reserve Bank of Cleveland president Loretta Mester poses during an interview on the sidelines of the annual meeting of the American Economic Association in San Diego.

(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester said on Monday that the economic outlook for the United States is improving, but noted that she is not ready to back down from the loose monetary policy that is helping to support that. growth. “I think we will see a very strong second half of the year, but we are still far from our political goals,” Mester said in an interview on CNBC, noting that US employment is still 8.4 million jobs below level . in February 2020. “I think we should be deliberately patient in our approach to monetary policy,” he added.

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