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Fed's Mester: March Jobs Data Great, But Fed Has Ways to Go on Goals

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The U.S. economy’s improving outlook and “great” jobs data for March isn’t pushing the Federal Reserve to raise interest rates soon, Federal Reserve Bank of Cleveland President Loretta Mester said during a CNBC interview Monday.

“I’m thinking that we will see a very strong second half of the year, but we’re still far from our policy goals,” Ms. Mester said, referring to the central bank’s mandate of stable inflation around 2% and maximum job growth.

While…

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