Fed, Cleveland and Hammack

Cleveland Fed chief advocates for steady interest rates amid inflation concerns
Federal Reserve Bank of Cleveland President, Beth Hammack, has advocated for maintaining current interest rates for an undetermined period. This comes as policymakers continue to monitor inflation rates and assess the impact of new governmental policies on the economy.
Fed’s Hammack Says Rates on Hold Until Inflation Ebbs Further
Federal Reserve Bank of Cleveland President Beth Hammack said it’s appropriate to keep interest rates steady for “some time” while policymakers await further downward progress on inflation and analyze the economic effects of new government policies.
Cleveland Fed's Hammack: Appropriate to Hold Rates Steady for 'Some Time'
Hammack, a former finance executive at Goldman Sachs who began leading the Cleveland Fed last year, cited high stock valuations and other market-based metrics to suggest that "we may be at or close to a neutral setting already," that is, a policy stance that is neither boosting nor restraining the economy.
Cleveland Fed's Hammack says rates on hold until inflation ebbs further
Federal Reserve Bank of Cleveland President Beth Hammack said it’s appropriate to keep interest rates steady for “some time” while policymakers await further downward progress on inflation and analyze the economic effects of new government policies.
Fed should keep rates on hold to assess inflation progress, policy uncertainties, Hammack says
Federal Reserve Bank of Cleveland President Beth Hammack signaled Tuesday that the U.S. central bank should continue to hold interest rates steady to monitor its progress on lowering inflation and navigate policy uncertainties under the Trump administration.
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