Fed's Mester wants 'much more evidence' that inflation has been defeated

Fed's Mester wants 'much more evidence' that inflation has been defeated

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Cleveland Federal Reserve President Loretta Mester said Thursday that this week's news showing lower levels of inflation isn't enough to convince her that the central bank has won its battle against higher prices. "We're making progress on inflation, discernible progress. We need to see more of…

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