The Fed: Fed’s Mester says markets’ focus on interest-rate cuts is premature

The Fed: Fed’s Mester says markets’ focus on interest-rate cuts is premature

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The focus in financial markets about interest-rate cuts is premature, Cleveland Federal Reserve President Loretta Mester said Thursday. Easing monetary policy “is just not part of the conversation right now,” Mester said in an interview on CNBC. “It is really not about cutting rates,” she said.…

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