Reported about 5 hours ago
Cleveland Fed President Beth Hammack expressed concerns about high inflation, stating that it is not clear the central bank should further reduce interest rates. Speaking at the Economic Club of New York, she noted the current policy rate is close to neutral but warned against cutting rates, which could exacerbate inflation issues. Hammack highlighted ongoing price pressures from tariffs and rising business costs, while maintaining that the job market remains relatively stable.
Source: YAHOO