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Fed’s Mester Says Policy in Good Place as Recovery Evolves

  • Says uneven data reinforces need for Fed to be patient
  • Now “not the time” to change policy, Cleveland Fed chief says
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Fed’s Mester Sees Policy ‘In a Good Place’ as Economy Evolves
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The Federal Reserve’s policy is in a good place right now, said Cleveland Fed President Loretta Mester, while playing down signals from data that she warns will be volatile as the economy reopens.