Fed’s Mester: Inflation still too high, but sees progress

Federal Reserve Bank of Cleveland President Loretta Mester gives closing
remarks onsite before hybrid Inflation: Drivers and Dynamics Conference
2023 in Frankfurt, Germany. She’s well-traveled at the moment as she spoke at Jackson Hole a week ago.

• Job market still strong amid signs of rebalancing
• 3.8% jobless rate is still low
• Main Fed debate is how restrictive policy needs to become and for how long.