God is speaking about himself. Alternate translation: "I, Yahweh, am God, and I am merciful and gracious" (See: [[rc://en/ta/man/translate/figs-123person]])
The abstract nouns "love" and "faithfulness" can be stated the verb "love" and the adjective "faithful." Alternate translation: "always showing that I love my people and always being faithful to them" (See: [[rc://en/ta/man/translate/figs-abstractnouns]])