Harmak: The Federal Reserve needs to cautiously withdraw restrictive policies to address inflation risks

ChainCatcher news, according to Jinshi reports, Cleveland Fed President Mester stated on Monday that the Fed needs to be "very cautious" when easing restrictive monetary policy as inflation remains above the Fed's 2% target and persists stubbornly. She emphasized that inflation continues to be a major concern for her, and she expects the unemployment rate to rise slightly this year but to decline again shortly thereafter.