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Fed’s Hammack says unemployment stabilising but inflation still too high
Federal Reserve official, President and CEO of the Federal Reserve Bank of Cleveland, Beth Hammack reiterated a steady but firm message, signalling little shift in the central bank’s stance as policymakers weigh the next move in rates. Hammack said the unemployment rate appears to be stabilising and characterised the labour market as broadly in balance, with the latest data reinforcing that view. The comments suggest the Fed sees limited immediate risk of labour market deterioration, reducing urgency for rate cuts on employment grounds. At the same time, she stressed inflation remains too high and emphasised the ... (full story)
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FED’S HAMMACK SAID THE LABOR MARKET APPEARS BROADLY IN BALANCE WITH A STABILIZING UNEMPLOYMENT RATE, BUT STRESSED INFLATION REMAINS TOO HIGH AND MUST RETURN TO THE 2% TARGET.
— First Squawk (@FirstSquawk) February 11, 2026
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