Hamack: The Fed needs to cautiously withdraw restrictive policies to address inflation risks.

According to ChainCatcher news, as reported by Jin10, Cleveland Fed President Mester stated on Monday that the Fed needs to be “very careful” when lifting restrictive monetary policy as inflation remains above the Fed's 2% target and continues to be stubborn. She emphasized that inflation is still a major concern for her, and she expects the unemployment rate to rise slightly this year, but to decrease again shortly thereafter.