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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

We have to be very diligent about this We don’t want to be satisfied because inflation remains too high We’ve had stronger underlying momentum since June forecasts We’ve made progress on inflation Core inflation over 4% is still too high Notes she doesn’t have cuts built in for next year but will watch the data