Cleveland Fed President Reiterates Central Bank’s Resolve to Fight Stubborn Inflation

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Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday inflation remains too high and stubborn, and that it could take until 2025 to bring it down to the Fed’s 2% target.

Ms. Mester also reiterated the Fed’s resolve to fight inflation while the central bank contends with the fallout of the collapse of Silicon Valley Bank last month.

“The…

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