Reported 1 day ago
Beth Hammack, President of the Federal Reserve Bank of Cleveland, dissenting during a recent policy vote, emphasized the need to maintain current interest rates until inflation shows clearer signs of improvement. She believes rates are nearing a neutral impact on the economy and advocates for a steady approach until inflation trends towards the Fed's 2% target. Hammack's dissent highlights concerns about potential inflation expectations being compromised if high levels persist.
Source: YAHOO