Fed’s Hammack: 'It's not obvious' the central bank should cut rates further | Metals Mine

  • Fed’s Hammack: 'It's not obvious' the central bank should cut rates further

    From finance.yahoo.com

    Cleveland Fed president Beth Hammack doubled down Thursday on her concerns about inflation, saying that it’s not obvious the central bank should cut rates further. “I remain concerned about high inflation and believe policy should be leaning against it,” Hammack said at the Economic Club of New York. “After last week’s meeting, I see monetary policy as barely restrictive, if at all, and it’s not obvious to me that monetary policy should do more at this time. But the future is inherently uncertain, and I’m watching developments closely.” Hammack said she believes the current level of the Fed’s ... (full story)

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