Hammack Prefers Tighter Policy, Disagrees with Fed Rate Cut

Cleveland Federal Reserve President Beth Hammack advocates for a more restrictive monetary policy, opposing the recent interest rate cut. She believes inflation remains too high and would have likely voted against the rate reduction. Hammack, set to become a voting member next year, emphasizes the challenge of setting policy amid persistent price pressures and expresses confidence in the next Fed chairs commitment to controlling inflation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.