FED'S MESTER: HIGHER RATES ARE NEEDED TO MAKE SURE THE DISINFLATION PROCESS CONTINUES

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Adding to her earlier comments, Federal Reserve Bank of Cleveland President Loretta Mester, during the Q&A session before the 50 Club of Cleveland Monthly Meeting, said that higher rates are needed to make sure the disinflation process continues.

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Fed will keep rates restrictive to get inflation down
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Do not see the US Dollar (USD) getting dethroned; USD is a very strong currency.


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