Reported 10 months ago
Beth Hammack, the only dissenting voter against the recent Federal Reserve rate cut, emphasized that more effort is needed to tackle inflation, suggesting a pause in rate adjustments due to the robust US economy. She believes the monetary policy should remain modestly restrictive until there's clear evidence of inflation approaching the 2% target. Hammack pointed out recent inflation data indicating mixed progress, highlighting the need for the Fed to maintain its focus on managing inflation effectively.
Source: YAHOO