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13:05
10/07/16
10/07
13:05
10/07/16
13:05

Cleveland Fed hawk Mester doesn't like the short-term data focus

Cleveland Fed hawk Mester doesn't like the short-term data focus in the Fed statements, saying the data-dependent policy is too short-term and confuses the need to target a medium-run outlook. Accordingly, she feels that Fed communications need improvement. Earlier she was on CNBC and welcomed the payrolls gains, while keeping open risk of a move in November.

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