Reported 1 day ago
Beth Hammack, President of the Cleveland Federal Reserve, voted against the recent rate cut, arguing that strong economic data and inflation forecasts warranted maintaining current monetary policy. She emphasized the need for caution and a steady approach until there are clear signs of inflation moving back towards the 2% target. Hammack's dissent highlighted her focus on inflation amidst a healthy labor market, suggesting the Fed should remain modestly restrictive in its policies.
Source: YAHOO