Fed/Mester: no interest rate cut next year; inflation persistent

The president of the Federal Reserve, Loretta Mester, said on Thursday, 6, that in her view, the authority's board will not cut interest rates next year, and rates should be raised in 2023. At a Council for Economic Education event, she said it will take some time for inflation to reach 2%, the Fed's target, as it is persistent, and that the authority's focus at the moment…