-
Fed’s Hammack signals holding rates steady for months: report
Federal Reserve Bank of Cleveland President Beth Hammack said she saw no need to change US interest rates for months ahead after the central bank cut borrowing costs at its last three meetings, the Wall Street Journal reported on Sunday. Hammack opposed recent rate cuts as she is more worried about elevated inflation than the potential labor-market fragility that prompted officials to lower rates by a cumulative 75 basis points over the past few months, the report added. Hammack told the Journal that the Fed didn’t need to change its benchmark interest rate, currently in a range between 3.5% and 3.75%, at least ... (full story)
- Comments / Top
- Subscribe
yudhasby
Dec 22, 2025 12:49am
Permalink
-
Related Stories
FED'S HAMMACK SEES RATES ON HOLD FOR 'SOME PERIOD OF TIME' HAMMACK TAKES NOVEMBER'S COOLER INFLATION DATA 'WITH A GRAIN OF SALT' ... HAMMACK: POLICY MAY ALREADY BE BELOW NEUTRAL, PROVIDING STIMULUS How This Fed Hawk Views the Economy, Inflation, AI and Jobs https://www.youtube.com/watch?v=Y5I4mSQQxik&list=PLRNktCZa_EIJjZf5ZSbfUw8tKBLiPMTXk In this week’s episode of WSJ’s Take On the Week, co-host Telis Demos and guest host WSJ Chief Economics Correspondent Nick Timiraos are joined by Beth Hammack, president of the Federal Reserve Bank of Cleveland, to discuss the state of the U.S economy, interest rates and the central bank itself. Hammack shares her views on what she’s hearing from businesses in her district and what that could mean for consumer prices and the labor market. She emphasizes the importance of Fed independence and the chairman’s role in fusing differing viewpoints to create stable monetary policy. She also offers her perspective on the so-called neutral rate as well as artificial intelligence. At the end of the episode, Telis and Nick analyze the interview, offering their takes on the outlook for tariffs, inflation and jobs. They also break down what influence the new Fed chair will have on the central bank’s rate-setting committee and how markets may react to the nominee.
China’s central bank kept its loan prime rates steady on Monday, even as the world’s second largest economy has seen weak economic data and an extended slump in its property sector. The People’s Bank of China kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% respectively, holding them for a seventh straight meeting, in line with a Reuters ...
The Bank of Japan will likely raise interest rates three more times to 1.5 per cent during Governor Kazuo Ueda's remaining term through early 2028, former central bank board member Makoto Sakurai told Reuters on Monday. The first hike to 1.0 per cent could come around June or July next year depending on the strength of the U.S. economy, as well as domestic ...
