Next year's Fed voting members emphasize inflation risks and oppose further rate cuts

Jinse Finance reported that Loretta Mester, the 2026 FOMC voting member and President of the Cleveland Federal Reserve, stated on Thursday that persistently high inflation levels are unfavorable for the Federal Reserve to cut rates again, and she is concerned that monetary policy may not be adequately prepared to address current inflation. Mester said, "After last week's policy meeting, I believe monetary policy is barely restrictive, and in my view, there is currently no clear reason to take further policy action." Mester noted that the Federal Reserve continues to face inflationary pressures above its target, and the current monetary policy stance has almost no restraining effect on economic growth momentum. She opposed the Fed's decision to cut rates last week. Mester acknowledged there are issues in the labor market, but also warned that the unemployment rate remains low.