EXECUTIVE SUMMARY

• The Federal Reserve can get a few more rate cuts under its belt before officials need to pin down where interest rates will ultimately land, former Cleveland Fed President Loretta Mester tells MNI's FedSpeak podcast.
• Economic data since the September FOMC meeting have shifted the risks to the outlook but not baseline expectations.
• Timing of the next cut may be another close call, given how divided the committee was over September's jumbo move and dissipating fears of a pronounced job market slowdown, but Mester said she favors consecutive cuts.

Listen to the full podcast here

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