Fed's Beth Hammack Supports Gradual Rate Hikes to Curb Inflation
Beth Hammack, President of the Cleveland Federal Reserve, advocates for additional interest rate hikes to reach the 2% inflation target. She suggests smaller, more frequent rate increases to reduce negative effects on households and markets. Hammack expressed dissatisfaction with the last Federal Reserve meeting, stating that current monetary policy is not restrictive enough to control inflation effectively.
ET Markets··Cleveland


